• Sign In
  • Create Account
  • Sign Out
  • My Account
Cart
  • Inside Mortgage Finance
  • MBS & ABS
  • The GSEs
  • The CFPB
  • Mortgage Trends
  • FHA/VA Lending
  • Nonconforming Markets
  • Data
    • Subscribe to Data
Home » Carson Wary of Riskier FHA Loans, Certain Policies Under Scrutiny
Looking to read the full article? Subscribe today!

Carson Wary of Riskier FHA Loans, Certain Policies Under Scrutiny

June 29, 2018
Department of Housing and Urban Development Secretary Ben Carson reiterated concerns raised previously by his deputies regarding certain lending trends that could potentially endanger FHA’s financial health. Testifying during a HUD oversight hearing in the House Financial Services Committee this week, Carson said the department is scrutinizing certain policies that may be causing or contributing to the growth of cash-out transactions, unusually high debt-to-income ratios, serious loan delinquencies and early payment defaults. Carson said maintaining the health of the FHA mortgage insurance fund is critical in maintaining the agency as a source of credit for first time, low- and moderate-income, and minority homebuyers. The share of cash-out among all of FHA’s refinance transactions has increased to 60 percent as of April 2018 from 45 percent a year ago, he said. Also during that ...
News Inside Mortgage Finance Inside Mortgage Trends Inside FHA/VA Lending Inside the CFPB Government-Insured Lending Legislation Mortgage Insurance Originations Servicing Profitability Programs & Policies Government-Insured Originations FHA Enforcement Supervision & Examination
Purchase this article for $55.00
Subscribe To The Newsletter

Latest Imf News

  • Private Mortgage Insurance Tops Purchase Market, VA Leads in Refis

  • Anthony Hsieh, loanDepot’s $50 Million Man

  • Secondary Market Investors Salivating for 'New' Non-QMs

  • Biden White House Names Interim FHA Chief

More Imf News

Featured Data

  • California's Share of MI Business Grew in 4Q20

  • Nonbanks Power GSEs to New MBS Records in 2020

  • COVID Recovery is Still a Work in Progress for RMBS

  • Nonbanks Extend Footprint in Agency MBS Servicing

More Featured Data

Featured Reports

  • Lender Profiles 3Q20: Top 25 (PDF)

  • Agency Channel Analysis: 3Q20 (PDF)

  • Top Mortgage Players 3Q20 (PDF Format)

  • Mortgage Profitability Report 3Q20 (PDF)

More Latest Reports

Featured Poll

Refinances were the hot story of 2020, but plenty of purchase lending still got done as well. What did your shop’s loan breakdown look like?

View Results
  • About
    • About Inside Mortgage Finance
    • Contact Us
    • Advertising
    • Privacy Policy
    • Article Reprints/Web Postings
    • Copyright FAQ
  • Customer Center
    • Subscribe
    • Request a Sample
    • Account Inquiries
    • Change of Address
    • Change of Delivery Method
    • Data Licensing
    • Password Reminder
    • Group Subscriptions
    • Refunds
    • Renew Your Subscription
  • Mortgage Data
    • Origination
    • Servicing and Portfolios
    • Mortgage Insurance
    • Securitization
    • Agency MBS Activity
    • Non-Agency MBS Activity
    • MBS Investor Activity
    • ABS Activity
    • Commercial MBS Activity
    • Funding Activity
    • Earnings and Financials
    • Regulatory Data
    • Mortgage Rates and Terms
    • Subscribe to Data
    • Lender Profiles
    • HMDA Dashboard
    • Contacts Directory
    • Custom Data
    • Data Licensing
  • Reports
    • Data Reports
    • Industry Studies
    • Regulatory Reports
    • Statistical Annual
    • Free Reports

© Copyright 2021 Inside Mortgage Finance Publications
Design, CMS, Hosting & Web Development :: ePublishing