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Mortgage Choice Act is a Failed Opportunity

Last week, the House of Representatives passed HR 1153, the Mortgage Choice Act. The Act, sponsored by Representatives Bill Huizenga (R-MI), Steve Stivers (R-OH), Mike Doyle (D-PA) and David Joyce (R-OH), passed with a small amount of bi-partisan support and was strongly supported by the...

Congress Gives Attention to Antiquated FHA Policies

FHA requirements that condominium property be at least 50% owner occupied continues to limit the ability for potential purchasers to finance the acquisition of condominiums. This policy is antiquated and bad for home ownership. As credit becomes more difficult to obtain for home buyers generally,...