FHA Reserve Fund: Signs of better health
May 26th, 2010
Written by Frost Mortgage
Categories: Branch Partner Opportunities, Economy, FHA, Federal Housing Administration, Mortgage Banker News, Mortgage News
The Federal Housing Administration (FHA) Reserve Fund is a buffer against loan defaults and claims on the federal mortgage insurance fund. FHA Commissioner David Stevens (National Mortgage News; subscription required) was optimistic in Senate testimony this month that the fund will finish the fiscal year in a better capital position after being battered for several years by soaring claims.
This is good news. Here at Frost Mortgage, though, we don’t wait for market timing, and we’re always bullish on business opportunities for those who are truly motivated. If you’re a top producer looking for a Branch Partner opportunity or to take your career as a Loan Officer to the next level, give us a call today. We don’t close loans — we open doors.
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