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Blog

"Politics as Usual" Is Still Alive and Well in Washington

In 2015, Congressman Mark Meadows (R-N.C.) started a movement to remove then-Speaker of the House, John Boehner (R-Ohio), from his position. Of this effort, Meadows said, "It's really more about trying to have a conversation on making this place work, where everybody's voice matters, where there's not a punitive culture. Hopefully, we'll have some discussion about that in the days and weeks to come."

03/22/2018
FHA in Financial Hot Water?
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Blog

FHA in Financial Hot Water?

Friday’s Wall Street Journal features an article outlining concerns over the Federal Housing Administration’s (FHA) financial viability.  The article points out that FHA currently insures 23 percent of the loans in the housing market up from 2.7 percent in 2006.  7.8 percent of FHA loans at the end of the second quarter were 90 days late or more or in default.   Federal law says the FHA must maintain reserves equal to 2 percent of the loans insured and the ratio has fallen to 3 percent last year down from 6.4 percent in 2007.

09/08/2009