Late yesterday, House FinServ sat around an unusual campfire and, on a unanimous bipartisan voice vote, reported H.R. 4264, legislation to stabilize the FHA – sort of. The bill will, we think, advance, but it will not force any immediate changes to FHA that alter its relative balance vis-à-vis the GSEs or what’s left of the private market.

The full report is available to subscription clients.  To find out how you can sign up for the service, click here

.