Comments on: FHA Risk Study Critical of Streamline Refinance Program http://www.fhaloanpros.com/2010/03/fha-risk-study-critical-of-streamline-refinance-program/ The Unofficial Guide to FHA Loans & Mortgages Thu, 09 Sep 2010 19:15:34 +0000 http://wordpress.org/?v=2.6 By: Gina Pogol http://www.fhaloanpros.com/2010/03/fha-risk-study-critical-of-streamline-refinance-program/#comment-98055 Gina Pogol Sun, 04 Apr 2010 23:14:41 +0000 http://www.fhaloanpros.com/?p=2147#comment-98055 I think I see how the confusion came about. A Washington Post article makes an almost identical statement to Karen's. "Caplin said the audit ignored the risks posed by FHA borrowers who owe far more than their homes are worth and yet managed to refinance into new FHA-backed loans." If that was the source of her information it's pretty easy to see how the meaning was twisted. I think I see how the confusion came about. A Washington Post article makes an almost identical statement to Karen’s. “Caplin said the audit ignored the risks posed by FHA borrowers who owe far more than their homes are worth and yet managed to refinance into new FHA-backed loans.” If that was the source of her information it’s pretty easy to see how the meaning was twisted.

]]> By: Karen Lawson http://www.fhaloanpros.com/2010/03/fha-risk-study-critical-of-streamline-refinance-program/#comment-94039 Karen Lawson Mon, 22 Mar 2010 22:32:27 +0000 http://www.fhaloanpros.com/?p=2147#comment-94039 Professor Caplin, Thank you for reading this article and for clarifying your position concerning the study cited in this post. I apoligize for any misinterpretation of your work. Professor Caplin, Thank you for reading this article and for clarifying your position concerning the study cited in this post. I apoligize for any misinterpretation of your work.

]]> By: Andrew Caplin http://www.fhaloanpros.com/2010/03/fha-risk-study-critical-of-streamline-refinance-program/#comment-92837 Andrew Caplin Thu, 18 Mar 2010 23:26:13 +0000 http://www.fhaloanpros.com/?p=2147#comment-92837 Karen, Unfortunately, you open with a mis-statement, which makes the article bizarre. In fact, Caplin, Freeman, and Tracy [1997] is an article that proposed the streamline policy well before FHA adopted it. The problem is not the policy, but the unbelievably poor account keeping and analysis. Please read the relevant articles, Andrew Caplin Karen,

Unfortunately, you open with a mis-statement, which makes the article bizarre. In fact, Caplin, Freeman, and Tracy [1997] is an article that proposed the streamline policy well before FHA adopted it. The problem is not the policy, but the unbelievably poor account keeping and analysis. Please read the relevant articles,
Andrew Caplin

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