The Myth of FHA As the New Subprime (Executive Essay) (Federal Housing Administration)
Mortgage Banking 2009, Feb, 69, 5
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- $5.99
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- $5.99
Publisher Description
Popular perceptions are dangerous, particularly when reports in the media turn erroneous notions into things that "everyone knows." A recent article in a national business publication, for example, referred to the Federal Housing Administration's (FHA's) home loan program as "the new subprime." The FHA is not now, nor was it ever, intended to be a home for subprime loans--yet this perception is rapidly on the way to becoming a general assumption.
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