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Government to unveil plan to shrink some home loans
March 26, 2010 8:20 AM
After months of criticism that it hasn't done enough to prevent foreclosures, the Obama administration is expected to announce Friday a plan to reduce the amount some troubled borrowers owe on their home loans. People briefed on the plan said the effort will let people who owe more on... more » -
Another taxpayer bailout? Housing agency's financial cushion sinks
November 12, 2009 10:09 AM
The Federal Housing Administration says its financial cushion has dipped to a dangerously low level but should remain above zero under "most economic scenarios." The agency, a major source of funds for first-time homebuyers, faces mounting concerns that it will eventually need a taxpayer bailout as losses grow from homeowners... more » -
Government home loan agency faces cash squeeze
September 18, 2009 12:21 PM
The Federal Housing Administration says its cash cushion will dip below mandated levels for the first time, but insists it won't need an immediate taxpayer rescue. The agency, a growing source of funds for first-time homebuyers, faces mounting concerns that it will soon need a taxpayer bailout as losses grow... more »
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