The National Association of REALTORS® strongly supports the FHA mortgage insurance program, and the critical role it plays in the nation's housing finance system. During this period of economic stress, the FHA has prevented the total collapse of our housing finance system by continuing to provide access to safe, affordable mortgage financing for millions of American families.
We strongly urge HUD and Congress to exercise restraint in reacting to FHA's Annual Report. As our economy continues to improve, and housing prices continue to rise, so will FHA's financial health. Making changes to the program now, when it remains an integral part of housing markets, will only further stall our economic and housing recovery.