New Measures Will Help FHA Better Manage Risk, While Maintaining Support for the Housing Market
January 21, 2010 by admin · Leave a Comment
Federal Housing Administration (FHA) Commissioner David Stevens today 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 today are the latest in a series of changes Stevens has enacted in order [...]
Carlo di Florio Named Director of SEC Office of Compliance Inspections and Examinations
January 5, 2010 by admin · Leave a Comment
Washington, D.C., Jan. 4, 2010 — Securities and Exchange Commission Chairman Mary L. Schapiro today announced that Carlo V. di Florio has been named Director of the agency’s Office of Compliance Inspections and Examinations (OCIE).
Mr. di Florio comes to the SEC from PricewaterhouseCoopers (PwC), where he was a partner in the Financial Services Regulatory Practice [...]
FHA Proposes new rules to strengthen risk management
December 16, 2009 by admin · Leave a Comment
The Federal Housing Administration (FHA) today proposed new regulations to further reduce risks to its single-family insurance fund as it continues to play a critical role in today’s housing market. FHA proposes to increase the net worth requirements of FHA-approved lenders, strengthen lender approval criteria, and make lenders liable for the practices of their correspondent [...]