WASHINGTON, June 4 (Reuters) - The U.S. Federal Housing Administration may have tried to hide the magnitude of losses it could face under the most s...
This is economic jargon which indicates that a rise in homeownership causes a more than proportional rise in unemployment -- a truly startling finding.
NEW YORK — Federal mortgage payment relief has been extended up to one year for more than 200,000 homeowners whose houses were damaged by Supers...
(Reuters) - The United States on Thursday sued a New York mortgage company it said defrauded the federal government into insuring poor quality home lo...
Now that the housing market is starting to come back to life -- that's "starting," as in it's got a long way back to healthy conditions -- the Federal Housing Administration is doing exactly what it should be doing: getting back to pre-crisis levels of lending standards and market share.
Since the housing market collapsed more than five years ago, would-be homebuyers with low or moderate incomes, or with less-than-stellar credit scores have had really just one financing option: a mortgage backed by the FHA.
WASHINGTON, Dec 30 (Reuters) - The U.S. Senate on Sunday confirmed the head of the Federal Housing Administration in her position despite mounting l...
For qualifying seniors, now really is a great time to consider a government-insured reverse mortgage, and here's why: Seniors can get more money out of their homes now then they will when interest rates, now at historic lows, begin to rise again.
People of color disproportionately received federally insured loans -- backed by the Federal Housing Administration (FHA) or Department of Veterans Affairs (VA) -- to finance the purchase of their homes and to refinance existing mortgages.
* One of biggest US lawsuits over risky home loans * HUD incurred losses when some of the loans defaulted * Damages to b...
Top law enforcement officials in several states are signaling they will pressure Fannie Mae and Freddie Mac to correct what is widely seen as one of t...
WASHINGTON -- House Speaker John Boehner thinks it's about time for the government to stop trying to aid people with underwater mortgages. Respondi...
One of the nation's major mortgage insurers filed for Chapter 11 bankruptcy protection Wednesday -- a move that's seen as a blow to lenders and ultim...
WASHINGTON — A weekend government shutdown that neither party wanted was averted when Congress approved a compromise spending bill Thursday, as ...
The Federal Housing Administration's cash reserves have dropped so low that there is a close to a 50 percent chance it could run out of funds and ...
The government sued Allied Home Mortgage Capital Corp and two top executives for at least $2.5 billion, accusing the company of fraud for misleadi...
It is time we put an end to the federal government selling off precious publicly owned housing stock and reinvest in people and housing as a human right, not a commodity.
In less than a week, the home buying power of millions of Americans will be crippled by an average of $68,000. Some markets will experience declines as high as $250,000. That is, unless Congress intervenes before Oct. 1.
Reverse mortgages are touted as a great tool for seniors to tap their home equity to pay off bills while remaining in their homes with no monthly mortgage payments. Although that may be true for some people, these complicated and costly loans aren't right for everyone.
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....
WASHINGTON -- A set of confidential federal audits accuse the nation’s five largest mortgage companies of defrauding taxpayers in their handling of ...
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...
NEW YORK: Fannie Mae and Freddie Mac are in discussions with U.S. government officials to join government programs aimed at reducing mortgage balances...
Near term, economists tell us that less homebuyers and more apartment renters are in our future. Yet, the Mortgage Bankers Association reports that ...
WASHINGTON — Higher monthly fees are coming for consumers who take out home loans guaranteed by the Federal Housing Administration, the primary ...
