From NAR: Myths and Facts About the FHA
FHA is playing a critical role in today’s housing market. FHA was designed to perform this role in a time of crisis in the housing market. Overall, the market downturn has had a negative impact on FHA’s fiscal stability, which is why NAR has supported FHA reforms designed to strengthen the overall soundness of the program. Ultimately, Congress would have to determine if FHA requires additional resources.
This myth versus fact presentation, created on Feb. 10, 2012, shows that FHA is stable, its portfolio is in good shape, and it is serving its mission to provide safe, affordable financing when the private market cannot or will not participate.