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Federal Housing Administration in the Black for First Time Since 2011
Keywords:
U.S. FHA (Federal Housing Administration) insurance fund makes slow recovery to $4.8 billion in 2014
11/18/2014
FHA insurance fund returns to the black in 2014 but the recovery is slow.
Grouped Articles
Federal Housing Administration in the Black for First Time Since 2011
Wall Street Journal 11/18/2014
Edward DeMarco, head of the U.S. Federal Housing Finance Agency and underwater mortgage borrowers in the U.S.
08/31/2011
The Federal Housing Finance Agency was formed in 2008 by merging two existing regulatory agencies and given additional powers. Later that year Fannie and Freddie were taken over by the U.S. government. FHFA acts as the independent regulatory agency for Fannie Mae and Freddie Mac. FHFA's head, Edward DeMarco, sees his mandate as protecting the taxpayer from losses and this leads to reluctance to support steps to help underwater mortgage borrrowers with reduction in payments. Sheila Bair, former head of the FDIC, says she understands its not the FHA's mandate to provide fiscal stimulus, and the Obama administration has been all over the place in its policies for troubled homeowners. The result of the muddled policies of the federal government and agencies is the lack of help for troubled homeowners, and larger headwinds to Fed policies to give the U.S. economy momentum.
Grouped Articles
Big Job: Agency Oversees Half of Nation's Mortgages
Wall Street Journal 05/02/2013
Fannie, Freddie: Can't Live With 'Em, Can't Live Without 'Em
Wall Street Journal 05/04/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Federal Housing Administration in the Black for First Time Since 2011
Wall Street Journal 11/18/2014
An Accidental Housing Chief Embraces the Power of 'No'
Wall Street Journal 08/31/2011
Big Banks Face Suits on Mortgage Bond Losses
Wall Street Journal 09/03/2011
The U.S. Federal Housing Agency (FHA)
05/02/2013
Grouped Articles
Big Job: Agency Oversees Half of Nation's Mortgages
Wall Street Journal 05/02/2013
Federal Housing Administration in the Black for First Time Since 2011
Wall Street Journal 11/18/2014
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