federal housing administration

This should sound familiar: Growing losses on Federal Housing Administration-backed mortgage loans are prompting fears the agency will be next in line for taxpayer help, The Wall Street Journal says.
The Federal Housing Administration, hit by increasing mortgage-related losses, is in danger of seeing its reserves fall below the level demanded by Congress, according to government [...]

Among the many housing policy disappointments sustained during the bust, the Hope for Homeowners mortgage refinancing program has to rank as the disappointing-est. Originally estimated as having the potential to aid nearly half a million struggling borrowers, the program has resulted in just one successful loan refinancing to date. Quite the batting average. But the [...]

With the financial crisis deepening, the FHA must be revitalized immediately — and there’s no Plan B.

The Mortgage Bankers Association recently joined the chorus of those worried about the Federal Housing Administration’s growing role in the housing market, the Orange County Register’s Mortgage Insider reports. Due to the mortgage meltdown and the demise of subprime lenders, the FHA’s share of the housing market already has increased from three percent to 20 [...]

When Congress passed the mortgage rescue bill in July, politicians touted help for homeowners as a big part of the legislation. By Oct. 1, the Federal Housing Admin. was to set up a program that would back, with $300 billion in guarantees, the refinanced loans of homeowners in trouble. Lenders who wanted to participate would [...]

Housing advocates say the latest government bailout creates an opening for them to push for government intervention on Main Street.