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Robert Van Order

Robert Van OrderThe GW School of Business was featured in the The Washington Post on Feb. 9  for a Center for Real Estate and Urban Analysis report. “Size of FHA-backed mortgages should shrink, report says,” cites a GWSB study on mortgages backed by the Federal Housing Administration. “The size of mortgages backed by the Federal Housing Administration should shrink dramatically so the agency can protect itself against unnecessary financial risk,” according to a report to be released this week by George Washington University.  Robert Van Order, Oliver T. Carr professor of real estate and co-author of the study, said:  “Over the next few years, [the loan limit] should go down to where it used to be.” The study was featured in other publications such as a Feb. 12 editorial in The Washington Post, as well as stories in National Mortgage Professional Magazine, National Journal, Mortgageorb and Total Mortgage Services. The study was also covered in The Hill, American Banker, CBS Money Watch, The Press-Enterprise, Housing Wire and DS News. Other publications picked up the story including The Wall Street Journal, Portland Press Herald, Charleston Daily Mail, MBA NewsLink, Builder, The Seattle Times and Star Tribune.

Posted by gwsb on February 10, 2011 | Filed under: Getting Ink.

1 Comment »

  1. I certainly agree with this. The size of mortgages should shrink that are backed by the FHA. Think about it, the FHA is a federal agency, that means reducing the risk reduces the risk for the stakeholders, the US taxpayer. But, if risk taking didn’t become a factor with the GSE’s we wouldn’t be in as bad a situation as the market currently is. Additionally if due diligence had been done by both the lenders and home buyers concerning qualifications and various options available much of the current crisis could have been averted.

    Even now, with historically low interest rates many homeowners who qualify and have equity in their homes are not taking advantage of these rates by refinancing.

    Comment by HomeMortgageProfessional — July 26, 2011 @ 2:19 pm

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