FHA mortgage news stories on Newser

Crush of Foreclosures About to Swamp FHA

Kevin Spak — Tue, 02 Feb 2010 09:28:23 CST

The Federal Housing Administration is staring down the barrel of a rash of foreclosures that could force it to dip into taxpayer money for the first time. The number of FHA borrowers who have missed at least three payments jumped by a third last year, to 9.1%, which means...

Housing Will Bottom June 30, 2009: Cramer

Kevin Spak — Mon, 08 Sep 2008 14:29:01 CDT

Jim Cramer has spent over a year “shouting in my usual unhinged way” about the bleak real estate market, he writes in New York. But now he’s so confident housing’s headed for a bottom that he’ll name the exact date: June 30, 2009. Why? New home construction has fallen spectacularly,...

Depression-Era FHA Tries to Save Mortgages

Kevin Spak — Thu, 06 Mar 2008 13:00:00 CST

It’s been a while since the Federal Housing Administration was relevant. But now policymakers are counting on the Depression-era agency, which mostly insures mortgages, to once again solve a housing crisis. FHA-insured loans are swiftly becoming substantially cheaper than their Fannie Mae or Freddie Mac backed counterparts. “The FHA’s role...