The Federal Housing Administration is looking to reduce its share in the housing financing market but would like greater power, according to David Stevens, the FHA commissioner. Stevens testified before the House Financial Services Committee that the agency is “aware of the risks” of its elevated role, and would like to see it drop, but is asking that the FHA’s authority be extended to recoup losses from all mortgages it insures, and not just those from big lenders, as is the case now.

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