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How Congress Can Defuse the Federal Housing Administration Time Bomb

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Publication Date: July 1986

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): Stephen Moore

Topic: Banking and finance (Credit and loans)
Social conditions (Housing)

Keywords: Government reform

Type: Report


With the housing market in its best financial shape in years, and the near future looking equally bright, this is the right moment for Congress to start weaning the mortgage bankers and upper-income families from direct federal assistance. By establishing actuarially sound premiums on FHA insurance, and allowing program access only to low- and moderate-income families, Congress could push the FHA toward equity and fiscal responsibility.