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AEI- FHA Hurts Working-Class Families

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Event:
AEI- FHA Hurts Working-Class Families
Start:
January 25, 2013 11:00 am
End:
January 25, 2013 1:00 pm
Category:
,
Updated:
January 24, 2013
Venue:
AEI HQ
Address:
1150 17th Street, NW 12th Floor, Washington, DC, DC, 20036 , United States

At this event, AEI’s Edward Pinto will discuss his groundbreaking analysis of 2.4 million loans insured by the Federal Housing Administration (FHA) in 2009–10 that have set working-class families up for financial failure. Among Pinto’s findings was the  fact that over 9,000 zip codes have a projected foreclosure rate of 10 percent or more on FHA backed loans. Currently, one in seven working-class families in these neighborhoods stands to lose its home, savings, and credit score to foreclosures fueled by FHA’s reckless lending policies. Pinto and discussants will address a particularly relevant public policy question: what is the acceptable level of foreclosure for loans under the FHA program?

 

For more information and to RSVP, please visit their website.

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