Senate Banking Committee to Hold Hearing on FHA

A hearing on the Federal Housing Administration’s “Financial Condition and Program Challenges” will be held by the Senate Committee on Banking, Housing and Urban Affairs on February 28. The hearing, the second part of a two-part hearing, will feature testimony from the National Association of Realtors, a professor in international economic policy from the University of Maryland, the Urban Institute, and the Mortgage Bankers Association. Part one of the hearing was held by the committee on December 6, when HUD Secretary Shaun Donovan testified. The House Committee on Financial Services has held two hearings thus far in the 113th Congress on the fiscal health of the FHA, with discussion almost exclusively on the FHA’s single-family business. The hearing will be at 10am in room 538 of the Dirksen Senate office building.