- DCCC chair hopes Alex Sink will run again in November
- U.S., allies threaten ‘further action’ against Russia
- Obama to order businesses to hike overtime pay for salary workers
- Last laugh: Marine vet fires off jokes from the grave with own obituary
- Deportations come mostly from border, DHS chief says
- NATO sends surveillance planes to watch Ukraine
- Climate change not a top concern of Americans, poll shows
- GM faces federal investigation for slow recall that led to 13 deaths
- Iran president reaches out to Oman on friendship tour
- FAA’s pre-Malaysia flight warning: 777s have cracking, corrosion issues
An America drowning in red ink is the land of the free no more
Topic - Federal Housing Administration
Henry M. Paulson Jr., the financial firefighter stationed at the epicenter of the biggest financial crisis since the Great Depression, worries that the nation is headed for another crisis because political leaders failed to learn critical lessons from the last one from 2008.
The nation's largest bank, JPMorgan Chase & Co., will pay $614 million and improve mortgage lending practices under a deal announced Tuesday to settle claims it approved thousands of unqualified home mortgage loans for government insurance and refinancing since 2002, costing the government millions of dollars when the loans defaulted.
A federal judge has ordered a 44-year-old Nebraska man to repay $22,708 in housing aid he lied to obtain and spend two months in prison.
Capitol Hill has been awash recently with various ways to reform Fannie Mae and Freddie Mac, the government-sponsored enterprises, or GSEs.
Persistently weak job growth, higher taxes on families and record-breaking government debt are the hallmarks of the failed economic experiment known as Obamanomics.
Democrats are loath to admit their role in irresponsible lending
The Federal Housing Administration may for the first time need a bailout from the U.S. Treasury as rising defaults on mortgages it insures have pushed its insurance reserves into deficit, according to a new report.
Washington's role in the housing crisis still hasn't hit home
President Obama on Tuesday sought to prod along a rare bipartisan effort in Congress by throwing his weight behind a Senate bill that would eliminate mortgage giants Fannie Mae and Freddie Mac but maintain a government guarantee on high-quality 30-year mortgages so that the popular instruments do not disappear from the marketplace.
As a Realtor in Orange County, California, Gary Thomas lives at the epicenter of the last decade’s epic housing boom and bust that is only now beginning to release the economy from its withering grip.
There is evidently no idea bad enough and no failure severe enough to stop the government from trying it once again. In myopia remarkable even by abysmal government standards, the White House is pushing for policies that fueled the housing bubble, which burst a mere five years ago.
Lending to homebuyers in the U.S. remains little above the depressed levels hit during the recession because banks are wary about lending amid a slew of regulations coming out next year and proliferation of enforcement actions by state and federal regulators, a top mortgage banking official told The Washington Times.
While mortgage rates continue to stay down, I think it's appropriate for an update aimed at homeowners with loans insured by the Federal Housing Administration (FHA).
Friday's grim financial report from the Federal Housing Administration (FHA) -- it's insolvent to the tune of negative $31 billion -- is prompting fresh scrutiny of the government's role in housing, particularly the mayhem caused by federal backing of mortgages involving low down payments and low credit scores.
The Federal Reserve concluded Wednesday's Federal Open Market Committee meeting without making a decision to change anything. The Fed intends to continue buying long-term securities, mostly mortgages, in an effort to keep interest rates artificially low.