Federal Housing Administration (FHA) Commissioner David Stevens has announced a set of policy changes to strengthen the FHA's capital reserves, while enabling the agency to continue to fulfill its mission to provide access to homeownership for underserved communities. The changes announced are the latest in a series of changes Stevens has enacted in order to better position the FHA to manage its risk while continuing to support the nation's housing market recovery.Read more

The recovery of the nation’s housing market presents the industry with many challenges and opportunities. As a mission-driven organization, FHA’s goal is to provide sustainable homeownership options for qualified borrowers. Due to the economic downturn, FHA continues to experience an unprecedented surge in business which puts pressure not only on our infrastructure, but on our risk exposure as well. We must continually balance serving our mission while ensuring FHA operates in a safe and sound manner.Read more