Mark Zandi The average credit score of today’s FHA borrowers is higher than the average American household with a score. As it becomes more costly and difficult to get a FHA loan, loans from private mortgage lenders will become more attractive and their market share will grow. – Mark Zandi
Mark Zandi Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year ‘bullet’ loans, which did not amortize and were due in full at maturity. – Mark Zandi
Mark Zandi It has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government’s overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate. – Mark Zandi
Jayma Mays I was really across-the-board, like a nutcase. I had no idea what I wanted to do with my life, so I just did everything. I was even part of FHA, Future Homemakers of America. How lost was I? – Jayma Mays
Dean Phillips Once equity thresholds have been met, FHA borrowers should be treated the same as private borrowers. – Dean Phillips
Dan Gilbert Every loan that we did in the City of Detroit in the 10 years they studied – between 2005 and 2014 – were conventional FHA, VA loans with average interest rates of 6%. – Dan Gilbert
