all of that leading to some stress. >> fha attracts. >> first time.h. >> lower income and. credit scores. >> the fha. >> down payment. >> requirement is. >> just 3.5%. and borrowers. >> can carry. >> higher debt. >> to income. >> so-called dti. >> that's because. >> fha borrowers. >> have to pay. >> mortgage insurance. >> fha actually. >> recently lowered. >> the. insurance premium, which brought in more borrowers. >> so we've seen the. >> average fha credit score increase really improving the overall credit stance of. >> the program. >> but the. dti is have. >> remained high. >> and gone higher, and that's more a reflection of the affordability environment we're living in. >> the nba is. >> also reporting a big. >> jump in the number. >> of new construction. >> buyers going. >> into fha. >> it's gone from. 10% just a few years ago. >> to. >> 30% today. and frank, that is of course, because of high home prices. >> you know, diane, i mean, it's an important story for our audience and so many other people. so some good signs at least. mortgage rates are

and that's because fha borrowers have to pay mortgage insurance. but fha recently lowered that insurance premium, which brought in more borrowers that resulted in higher credit levels of the entire program. but that debt to income is still very high, and that's because of inflation and affordability, high home prices. the nba is also reporting a big jump in buyers of newly built homes going to fha. it's gone from 10% just a few years ago to 30% today. and i'll say it again, brian, because of high home prices. >> there we go. all right, diana, thank you very much. now let's turn to the car side and phil lebeau. phil, how many people are really starting to fall behind on car payments? >> it's at a record level when it comes to 60 day delinquencies. this is fresh data from experian. it's for the fourth quarter. that's the most recent data as they analyze about 81 million open auto loans. and it shows that when it comes to 60 day delinquencies, the delinquency rate of 0.99%, that's a new record high. they've never seen it that high. 30 day delinquency

pulte: i would believe that to be true but fha would be under hud. sen. kennedy: and when people are a more money than they can afford, many times they default, is that true? mr. pulte: that is true. sen. kennedy: i am not just picking on fha but fannie mae and freddie mac have done this. mr. pulte: yes. sen. kennedy: normally when people borrow too much money, they default. but under the biden administration, they implemented a program where if you are about to default, the taxpayers will pay your mortgage, isn't that correct? mr. pulte: do you have a specific policy that you are referencing? sen. kennedy: the fa -- the fha implemented a proof -- a program that pays mortgage servicers to make payments for them. mr. pulte: i not familiar with that. sen. kennedy: you need to be. you need to be. they takes taxpayer money and they give it to people and it is added to the principal of their home without accruing interest, so that a lot of these folks now have homes on which they owe more money than the home is worth. you are not familiar with that? mr. pulte:

pulte: i would believe that to be true but fha would be under hud. sen.nedy: and when people are a more money than they can afford, many times they default, is that true? mr. pulte: that is true. sen. kennedy: i am not just picking on fha but fannie mae and freddie mac have done this. mr. pulte: yes. sen. kennedy: normally when people borrow too much money, they default. but under the biden administration, they implemented a program where if you are about to default, the taxpayers will pay your mortgage, isn't that correct? mr. pulte: do you have a specific policy that you are referencing? sen. kennedy: the fa -- the fha implemented a proof -- a program that pays mortgage servicers to make payments for them. mr. pulte: i not familiar with that. sen. kennedy: you need to be. you need to be. they takes taxpayer money and they give it to people and it is added to the principal of their home without accruing interest, so that a lot of these folks now have homes on which they owe more money than the home is worth. you are not familiar with that? mr. pulte: i a

hoy, miércoles de ceniza, una fha significativa para los fieles católicos. así. es. gracias.rá encabezada por el papa francisco. los saludo desde roma, italia. durante las últimas 24 horas el santo padre ha sido reportado como estable. descansó bien durante la noche del martes y se levantó hoy, alrededor de las 08:00. ayer los médicos recomendaron que durmiera con ventilación mecánica no asistida y posteriormente le harían una nueva evaluación. hasta ahora no ha presentado crisis respiratorias. en tanto, en la iglesia que el santo padre encabeza, ha comenzado la celebración que marca el inicio de la preparación a la pascua. esta tarde será el cardenal penitenciario mayor angelo de donatis, quien presidirá la liturgia inicial. la procesión penitencial y el rito de la bendición y la imposición de ceniza efectuadas cada año. desde luego, ha anticipado la santa sede. el papa vivirá el inicio de esta cuaresma en el piso 10 del hospital gemelli, donde se espera que escuche misa, reciba la ceniza y se recoge en oración. previamente el jerarca había adelantado su mensaje para esta fe

federal agencies sata database to provide stakeholders to stakeholders upfront fha recently announced a rollback of general waiver for manufactured products making this timely. as an example one state department 14 months to receive the waiver for submersible pump went to other states received approval for the exact same product and a much shorter period of time there needs to be consistency. greatest assets they need support through additional legislation to go home safe every day. in 202296000 work in zona and za crashes 37 injuries in almost a thousand fatalities. the iija made important investments in worker safety like enhancing highway safety improvement program the use of intelligent transportation systems. the next bill should incentivize states to go further in implementing strict enforcement measures. i think the committee to testify today encourage each of you and your staff to talk through a contractor in your state or a trade association go visit a job in your state. talk to the men and women who are actually doing the work and get their input. thank you. >> thank you mr.