Clifford RossiNov 30, 20181 min readCongress’s Faulty Assessment Process of FHA Loan Program Puts Taxpayers at Risk More than a decade after the crisis, the risk to the FHA’s Mutual Mortgage Insurance Fund from a major mortgage downturn remains uncertain, thanks to a toxic combination of poor model validation, ineffective risk assessment and archaic rules established by the US Congress.
More than a decade after the crisis, the risk to the FHA’s Mutual Mortgage Insurance Fund from a major mortgage downturn remains uncertain, thanks to a toxic combination of poor model validation, ineffective risk assessment and archaic rules established by the US Congress.
