Note Fixing FHA’s Certification: Time to Turn a Sword into a Plowshare
Jim Parrott
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On September 1, 2015, the Federal Housing Administration (FHA) proposed changes to the certifications that lenders make when submitting a loan for FHA insurance. The step is a much-needed attempt to better target the significant liability that lenders face for mistakes in loan files. The author discusses why the effort is important and what changes are needed for it to succeed.
Research Areas Housing finance Housing
Tags Federal housing programs and policies Housing markets Housing and the economy Single-family finance Credit availability Homeownership Finance
Policy Centers Housing Finance Policy Center