MBA, NAR Outline Importance of FHA

David H. Stevens , President & CEO of the Mortgage Bankers Association (MBA), and Gary Thomas , President of the National Association of Realtors® (NAR) testified today before the U.S. Senate Committee on Banking, Housing and Urban Affairs at a hearing titled, " Addressing FHA's Financial Condition and Program Challenges ." Stevens, who served as FHA Commissioner from 2009 to 2111 noted findings from FHA's 2012 Actuarial Review that the capital ratio of the MMI Fund had fallen to negative...

FHA and the Sequester; A Note in Defense of Builder Affiliate Relationships

There are seasons to many foods. And folks into the culinary arts, and sustainable agriculture, will tell you that it is better to eat a peach in August grown within trucking distance rather than a peach in February flown in from Chile. Some say it makes sense to eat an entire meal made from whatever is in season, such as cauliflower, carrots, whatever. And right now it is Girl Scout Cookie season! Each Thin Mint has 40 calories, 28 per box. So the total number of calories is, let's see...0...32...

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Today's Comments

	"I certainly respect the risk and investment a builder makes - with very little certainty and assurance a transaction will close - but coercing buyers ..."
	"I agree, Aaron. I'm being told it'll take 45 days for my license to be approved in CA, which is an incredibly long time."
	"Home sales are up, but so are prices. This is sparking the home builders into action. The problem with all of this is that it's artificial and will..."

Today's Q&A