The American Enterprise Institute (AEI) is hosting a Jan. 25 seminar to discuss the recent research published by Edward Pinto, AEI resident fellow, on the state of the Federal Housing Administration (FHA).
The seminar, titled ‘Selling Hope, Delivering Harm: How the FHA Sets Up Working Class Families for Failure,’ will discuss Pinto's analysis of 2.4 million loans insured by the FHA in 2009 and 2010. Among Pinto's findings was the data that over 9,000 ZIP codes have a projected foreclosure rate of 10% or more on FHA-backed loans.
Among the participants are two former FHA commissioners – David H. Stevens, the president and CEO of the Mortgage Bankers Association, and John Weicher, director of the Center for Housing and Financial Markets at the Hudson Institute in Washington D.C. – along with Sarah Rosen Wartell, president of the Urban Institute.
The seminar will take place beginning at 11 a.m. at the AEI's offices in Washington, D.C., and will be made available for video viewing on the organization's website. More information on the event is available online.