Washington, D.C. —(ENEWSPF)–February 13, 2015. At a House Financial Services Committee hearing on the Federal Housing Administration, or FHA, on Wednesday, Rep. Scott Garrett (R-NJ) used a quote from a Center for American Progress report to support his assertion that the FHA engages in predatory lending. In response, Julia Gordon, Director of Housing Finance and Policy at CAP, issued the following statement:
FHA loans are fully underwritten and consist largely of long-term, fixed-rate…
