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Federal Housing Administration

Subprime Lending Is Back, Thanks To Private Firms

The Huffington Post | Alexander Eichler | Posted 09.11.2011 | Business

Subprime borrowers have been largely unwelcome in the lending market since the financial crisis, but it's becoming easier for them to get a home loan....

Shahien Nasiripour

Confidential Federal Audits Accuse Five Biggest Mortgage Firms Of Defrauding Taxpayers | Shahien Nasiripour | Posted 07.16.2011 | Business

WASHINGTON -- A set of confidential federal audits accuse the nation’s five largest mortgage companies of defrauding taxpayers in their handling of ...

Shahien Nasiripour

Deutsche Bank Accused Of Massive Mortgage Fraud By U.S. Government | Shahien Nasiripour | Posted 07.03.2011 | Business

The Justice Department sued Deutsche Bank AG, one of the world's 10 biggest banks by assets, on Tuesday for at least $1 billion for defrauding taxpaye...

Fannie, Freddie In Talks With Government Over Reducing Balances For Struggling Homeowners: Report

Posted 05.25.2011 | Business

NEW YORK: Fannie Mae and Freddie Mac are in discussions with U.S. government officials to join government programs aimed at reducing mortgage balances...

Real Estate and Business Concerns Are Front and Center at the MBA

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Near term, economists tell us that less homebuyers and more apartment renters are in our future. Yet, the Mortgage Bankers Association reports that mu...

Why Should We Care About Housing?

Tom Silva | Posted 05.25.2011 | Politics
Tom Silva

The Obama administration - fresh on the heels of its financial regulation reform legislative victory - has now set its sights on the housing market. P...

Mortgage Cons Slip Through Federal Crackdown

Washington Post | Brian Grow | Posted 05.25.2011 | Business

A crackdown on reckless mortgage lenders by the Federal Housing Administration has failed to root out several executives with criminal records whose f...

Luxury Condos Boast FHA Backing

Bloomberg | Oshrat Carmiel | Posted 05.25.2011 | Business

Whitney Gollinger, marketing chief for a Manhattan condo building with an outdoor movie theater and panoramic city views, is highlighting a different ...

Ryan Grim

House Targets Underwater Homeowners | Ryan Grim | Posted 05.25.2011 | Business

The House GOP launched an assault Thursday on homeowners who walk away from underwater mortgages, arguing that such foreclosed-on former homeowners ar...

George Soros: Fannie, Freddie Shouldn't Finance Mortgages, Bond Market Should Lend Directly To Homeowners

GEORGE SOROS | Posted 05.25.2011 | Business

With the private sector largely incapacitated, the GSEs and FHA became virtually the only source of mortgage financing. This is a paradoxical situatio...

Freddie Mac and Fannie Mae Must Marry, Shrink and Change

Jerry Chautin | Posted 05.25.2011 | Politics
Jerry Chautin

But the time is right to merge Fannie Mae and Freddie Mac and form three separate companies. That is the best way to lead the GSEs out of federal conservatorship and repay the taxpayers.

Elkhart, Ind.: How One Town Relies On The Government's Enormous Support For The Housing Market | DAVID STREITFELD | Posted 05.25.2011 | Business

More than one in 10 mortgage holders in Elkhart is seriously behind on payments. The median sales price has plunged to the level of a decade ago. Many...

FHA Defaults Foreshadow A Crush Of Foreclosures

Washington Post | Posted 05.25.2011 | Business

The share of borrowers who are falling seriously behind on loans backed by the Federal Housing Administration jumped by more than a third in the past ...

More Than Two Years into the Foreclosure Crisis, Homeowners Are Faced With the Good, the Bad, and the Ugly

Janis Bowdler | Posted 05.25.2011 | Home
Janis Bowdler

In his State of the Union address, President Obama said, "It's time to get serious about fixing the problems that are hampering our growth. One place...

Shahien Nasiripour

Barney Frank: Abolish Fannie and Freddie | Shahien Nasiripour | Posted 05.25.2011 | Business

House Democrat Barney Frank vowed on Friday to get rid of mortgage giants Fannie Mae and Freddie Mac as part of an overhaul of the country's taxpayer-...

Administration Asleep at the Wheel on FHA Oversight

Rep. Darrell Issa | Posted 05.25.2011 | Politics
Rep. Darrell Issa

Congress and the administration are addicted to using the taxpayers to prop up the flailing housing market without proper oversight. It is precisely this negligent behavior that got us into this mess.

Concerns Grow About Another Mortgage Giant | LOUISE STORY | Posted 05.25.2011 | Business

WASHINGTON -- First it was Fannie Mae and Freddie Mac. Now concern is growing that another government mortgage giant might teeter, just as the nation'...

FHA Bailout: Federal Housing Agency Has Lowest Amount Of Cash On Record | Dawn Kopecki | Posted 05.25.2011 | Business

Nov. 12 (Bloomberg) -- The Federal Housing Administration's mortgage insurance reserves fell to the lowest level in history and the government said mo...

FHA: Wealthy Buyers Qualifying For Guaranteed Mortgages, Despite Depleting Reserves | DAVID STREITFELD | Posted 05.25.2011 | Business

The Internal Revenue Service is giving tax rebates to first-time buyers, and soon to move-up buyers, in a program beset by accusations of fraud. And t...

Banks Denying VA-Backed Mortgages

The Huffington Post | Julian Hattem | Posted 05.25.2011 | Business

As part of the Huffington Post's efforts to bear witness to the effects of the current economic environment on ordinary Americans, we're rounding up s...

FHA: The Next Housing Bubble? Lawmakers Worry Agency Is Creating Another Boom | Jim Puzzanghera | Posted 05.25.2011 | Business

Reporting from Washington - In the wake of the mortgage meltdown, the Federal Housing Administration has emerged as a pillar of the still wobbly housi...

Home Loans Brokered By Nonprofits Helped Fuel The Housing Crisis

The Huffington Post Investigative Fund | Jeff Horwitz and Dave Jamieson | Posted 05.25.2011 | Business

Before the housing boom got underway in the late 1990s, a California nonprofit group hatched an idea to help families who qualified for government-bac...

USDA Mortgages: Zero-Down Government Loans Called "Subprime Beef"

BusinessWeek | Mara Der Hovanesian | Posted 05.25.2011 | Business

Builders and lenders are dusting off a familiar pitch: mortgages with $0 down and 100% financing. The deals, which take advantage of a little-known lo...

New Wave Of Federally-Backed Mortgages Go Bad Without A Single Payment

Washington Post | Dina ElBoghdady and Dan Keating | Posted 05.25.2011 | Business

This decade's housing boom rendered the agency irrelevant. Americans raced to aggressive lenders, seduced by easy credit and loans with no upfront cos...

Keeping Your House, But At The Expense Of Your Credit

MarketWatch | Ruth Mantell | Posted 05.25.2011 | Business

For many people, filing for bankruptcy is seen as a scary, worst-case scenario, but consumer advocates say this last resort could be a real help for b...