Congress Moves to Bolster FHA Operational Resources and Step Up Lender Oversight
September 17, 2009
The House of Representatives this week approved legislation that would allow the FHA to tap excess insurance premiums to pay for program infrastructure upgrades that most observers say are long overdue, while also pushing agency officials to keep closer tabs on lenders. The 21st Century FHA Housing Act of 2009, sponsored by Rep. John Adler, D-NJ, and a bipartisan mix of other...