Economics, Econometrics and Finance
4 years ago

FHA's Mortgage Reform Ensures Access to Affordable Housing for All

Economic quarterly - Federal Reserve Bank of Richmond
Mortgage Reform and the Countercyclical Role of the Federal Housing Administration's Mortgage Mutual Insurance Fund
Brent C. Smith

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The article discusses proposals for reforming the housing finance market, focusing on the role of the Federal Housing Administration (FHA). Three reform options are outlined, all of which involve the FHA playing a significant role. During the recent crisis, the FHA played a major role in mortgage lending, increasing its share of the market from 4% to over 23%. It is important to consider the FHA's role in future mortgage finance reform discussions.