Foreclosure crisis weighs on economy as more people with good credit risk losing homes The foreclosure crisis likely will persist well into next ...
FHA commissioner defends health of housing agency amid concerns over its financial cushion Federal Housing Administration Commissioner David Stevens said Saturday that concerns ...
SAN DIEGO (Reuters) - Federal Housing Administration Commissioner David Stevens on Monday said an audit of the U.S. agency will show it has enough capital to cover projected losses. The commissioner countered critics that are casting doubt on the U.S. housing agency's ...
Homeowners rush to refinance mortgages after interest rates fall below 5 percent again Every dollar counts in this economy. Homeowners hustled last week to refinance their mortgages after interest rates fell below 5 percent for the first time since May. Refinance applications ...
Government not promising big results for new mortgage relief effort Dial back the pie-in-the-sky projections. Last month, the Obama administration launched a program to help homeowners with loans insured by the Federal Housing Administration. About 850,000 FHA borrowers are behind on their ...
Federal Housing Administration imposes new rules for lenders, insists no bailout needed The Federal Housing Administration is tightening rules for lenders after reporting that its financial cushion will sink below mandatory levels for the first time in its 75-year history. Officials, however, ...
Federal Housing Administration faces cash squeeze, insists no taxpayer bailout needed The Federal Housing Administration says its cash cushion will dip below mandated levels for the first time, but insists it won't need an immediate taxpayer rescue. The agency, a growing source ...
