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Shelley Moore Capito: “At FHA, mortgage servicers are facing liquidity constraints.”

Featuring: Shelley Moore Capito, Republican | U.S. Senate West Virginia

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Senator Capito Questions Secretary Turner at THUD Appropriations Subcommittee Hearing.

Published | Video Starts at 02:18

… is secure and that FHA is strong, not only to a statutory limit, but to be prepared for the fluctuations in our market in our country. And then last question. At FHA, mortgage servicers are facing liquidity constraints. And the question is, are there funding or operational or technological constraints that are limiting your ability to get those outstanding taxes and insurance advances out quicker so they can Recycle? (02:18–02:26)

CLAIM

Asserts that mortgage servicers dealing with FHA are experiencing liquidity issues.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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