Housing Secretary Promises Reforms at Agency that Insures Low-Income Loans; Says “FHA Is Not the Next Subprime”
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Federal Housing Agency Ups Loan Standards (CBS News)
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Tags: agency, FHA, HUD Homes, income-loans, insures, loans, promises-reforms, reforms, reforms-at-agency, secretary, subprime
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NEWS.com.au ? Feb 12, 2008. THE US economy will continue growing in 2008 and avoid a recession despite a lingering housing ? The CPI is forecast to tick up to 2.2 per cent in 2009. .... Loans are the lubricant of a growing economy. The Federal Reserve has poured money into the system. Yet that has not persuaded banks to take chances, Dhawan said. Many lenders have been spooked by fears that billions of dollars in bad loans have percolated into various investments. ...