- Elton John blasts Russia’s anti-gay laws during Moscow concert
- U.N.: Afghanistan slow to enforce law protecting women
- Heart cancels SeaWorld concert after ‘Blackfish’ documentary
- South Carolina sheriff refuses to lower American flag for Nelson Mandela
- South Africans hold day of prayer for Nelson Mandela
- Mandela not on life support in final hours, friend says
- Ukraine protesters topple, decapitate Lenin statue in Kiev
- Kim Jong-un’s uncle removed from North Korean state documentary
- Thailand crisis deepens as opposition quits Parliament
- Campbell Soup apologizes for SpaghettiOs’ Pearl Harbor tweet
Independent voices from the The Washington Times Communities
Topic - Federal Housing Administration
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.
The election is all about the economy this year, but neither presidential candidate has talked much about two major problems that could make or break the economic recovery in the next presidential term: housing and its broken finance system, and the European debt crisis.
There are glimmers of hope in the housing market. Starts and prices are on the rise -- an upbeat signal the likes of which hasn't been seen in years.
The federal government has sued Wells Fargo Bank in New York, blaming the nation's largest originator of home mortgages for thousands of loan defaults over the past decade.
Defense Secretary Leon E. Panetta is suggesting that a retired Navy SEAL be punished for writing a book giving an insider's account of the U.S. raid that killed terrorist leader Osama bin Laden.