Realtors praise FHA for serving millions of hard-working families

WASHINGTON – Dec. 2, 2011 – The Federal Housing Administration (FHA) mortgage insurance program plays an important and vital role in the nation’s housing financing system, and FHA has shown tremendous leadership and strength during the economic crisis, National Association of Realtors® (NAR) President Moe Veissi testified before the U.S. House Financial Services Committee yesterday.

“As the leading advocate for homeownership, NAR believes in the importance of the FHA mortgage insurance program and applauds FHA for continuing to serve the needs of hard-working Americans who want to purchase a home,” said Veissi, broker-owner of Veissi & Associates Inc., in Miami. “FHA has insured loans for more than 37 million families since 1934 and ensures access to safe and stable mortgage financing in all markets, particularly in recent years when private financing evaporated.”

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