please click on the link below for an interview with dave stevens: FHA IS on Solid Ground, Please CLICK on the link below for an interview with Dave Stevens, Commissioner of the FHA
- 10/12/09 06:46 AM
In a recent interview with MS-NBC, the Commissioner of the FHA made some very interesting points. A lot of this information is not widely known. Some key points that Mr. Stevens made were as follows: 1. The FHA is not considering going to a minimum credit score formula for qualification at the present 2. The FHA has $ 30 Billion in excess capital to cover risk to their portfolio and although foreclosures are and have been high, the capital in the bank is continuing to exceed the risk (delinquent borrowers). The FHA WILL survive. 3. FHA currently has no intention of going … (39 comments)
In a recent interview with MS-NBC, the Commissioner of the FHA made some very interesting points. A lot of this information is not widely known. Some key points that Mr. Stevens made were as follows:
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