David Stevens

 

Today’s links on loan limits, debt ceiling options, U.S. and Europe’s debt quagmires, Finreg year 1, trading don’ts, and your best source for NFL news. -‘Sacred AAA Rating’ At Risk Even Without Default (InvestmentNews) -Debt Ceiling Charade: The 3 Smart Options (CalculatedRisk) -“Impossible Math” behind Euro Crisis (PragmaticCapitalist) -Mortgage Bankers Reverse Course On Loan Limits

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FHA Commissioner David Stevens resigned Thursday and will vacate his post end-of-April. Former mortgage banker Stevens stepped in July 2009 and helmed the FHA during a tricky time: FHA-insured home loans were jolted back into relevance when Congress drastically increased FHA loan limits to (regional caps of) $729,750. But this increase happened in a crisis

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A story in “Inside Mortgage Finance” from August 31st stated, “The Federal Housing Administration is not considering adopting the Home Valuation Code of Conduct appraisal system now in place at Fannie Mae and Freddie Mac. Coming from a recent meeting with FHA executives, top officials of the National Association of Mortgage Brokers said they were

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