WASHINGTON - The administration's latest blueprint to redesign the Federal Housing Administration is being criticized by a key congressman.

Rep. Rick A. Lazio, R-N.Y., seemed to suggest that the agency should target its programs more narrowly, perhaps on low-income and first-time homebuyers. The congressman chairs the housing subcommittee of the House Banking Committee.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.