Government Housing Agencies Tout Stability in Countercyclical Role, Await Private Market Return
May 27, 2010
Government officials from the FHA, Department of Veterans Affairs and Ginnie Mae said they are trying to improve the finer points of their mortgage programs as they – and mortgage lenders – wait for the return of the private sector. “Let’s be real – it’s still a government-financed market,” said FHA Commissioner David Stevens at the Mortgage Bankers Association’s...