FHA not 'the new subprime'? 

Rapid growth in Federal Housing Administration loan guarantees may be a byproduct not only of the demise of subprime lending, but higher loan limits and the limited capacity of private mortgage insurers, a Federal Reserve analysis of data collected from mortgage lenders and other sources reveals.

The Federal Reserve report, released Wednesday, suggests that most of the the growth in FHA lending has been in lending to borrowers with higher credit scores, which could bode well for future claims against the FHA insurance fund.

more...

To view this premium content sign in to your Premium Member account.

Premium Members have full access to all news archives & premium content.

Purchase Premium+ Membership for $99/year OR
Premium Membership for $49/year

Buy Now

Advertise with Inman

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.