FHA Plays a Critical Role in Home Financing – NAR President Ron Phipps spoke before the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity regarding a discussion draft of legislation to reform FHA.  NAR emphasized in testimony the critical role that FHA plays in the nation’s housing financing system – providing safe, affordable mortgage financing.  NAR supports sections of the discussion draft that would help FHA remain fiscally strong and better monitor risk, increase enforcement tools and protect taxpayers but opposes any increases to the down payment requirements.  Read article:

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