The Federal Housing Administration's HAWK initiative could help participating lenders with marketing, by differentiating them from the flock.

But as proposed, the program's mortgage insurance discounts for borrowers who receive counseling are too modest to find many takers, industry members say, especially given the rigor of the counseling regime, with pre-contract, pre-purchase and post-closing sessions.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry