FHA Takes on Subprime, Alt-A Loans Shunned by Private Lenders
Oct 6th, 2008 | By RT Staff | Category: Financial NewsThe Federal Housing Administration has grown so large that by the end of the year it will guarantee mortgages for three in 10 U.S. borrowers, many of whom have bad credit or loans that required no verification of income.
Congress wants FHA to do more. The Hope for Homeowners program, unveiled Oct. 1, authorizes the agency, [...]