Finance Committee Chair Suggests FHA Could be Next Countrywide

Finance Committee Chair Suggests FHA Could be Next Countrywidehttp://www.mortgagenewsdaily.com/02072013_fha_reform.aspOn Wednesday the House Financial Services Committee held the first of a scheduled series of hearings on the financial condition of the Federal Housing Administration (FHA) . A memo released by the Committee's chairman Jeb Hensarling (R-TX) says that theenCommunityServer 2008 SP2 (Build: 31106.96)re: Finance Committee Chair Suggests FHA Could be Next Countrywidehttp://www.mortgagenewsdaily.com/02072013_fha_reform.asp#295489Tue, 12 Feb 2013 02:03:52 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:295489josh darrimon"Stop guaranteeing lower-risk loans and high-dollar-balance borrowers, as this allows for cross-subsidization of those loans with excessive risk" - Could I possibly be reading that correctly? Don't take on low risk loans because it encourages lending on high risk loans? <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=295489" width="1" height="1">