FHA Takes Another Crack at The Subprime Market Nut
February 17, 2006
Finding wisdom in the adage of trying again if you don’t succeed, the Federal Housing Administration has once again taken aim at a share of the subprime market. But this time around, the agency is taking a different tack. Buried deep in the Fiscal Year 2007 budget plan released last week by the Bush administration is a proposal to implement a risk-based pricing scheme for the FHA’s single-family insurance program. The proposed pricing scheme…