October 30, 2007

What’s next for FHA loans?

According to the National Association of Realtors® website, here is the Realtor® position on Federal Housing Administration (FHA) loans:
“NAR is a strong supporter of the single- and multi-family programs administered by the Federal Housing Administration (FHA). However, FHA’s market share has diminished considerably threatening its ability to serve its public purposes. NAR is working with the Department of Housing and Urban Development (HUD) to modernize FHA to enhance its effectiveness in today’s mortgage marketplace.”
Click here for a Legislative/Regulatory status on FHA.