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Loan Modification

: Mortgage Lender Implode-o-Meter

Housing Market Is Stabilizing and on Its Way to a Recovery, Says FHA Commissioner

By Implode-Explode Heavy Industries

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"Stevens said FHA continues to play a pivotal role in housing recovery and reemphasized that reform is critical. "After the housing market crashed, FHA had to step in to play a vital role. Over the past three years, FHA reacted by increasing its market share dramatically. There would be no housing market recovery without FHA; however, the program is at risk. We cannot continue to operate under the current construct if we don't shore up its fiscal situation. We need to make FHA stronger," said Stevens."

Full post as published by Mortgage Lender Implode-o-Meter on May 11, 2010 (boomark / email).

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