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fha home loans

Plan to Help Hundreds of Thousands of Homeowners Faces Senate Vote

by Moe Bedard

The mortgage scandal plagued, and Senate will have a test-vote today on housing foreclosure rescue program. The Federal Housing Administration (FHA) would provide $300 billion in new, cheaper mortgages for struggling homeowners who otherwise would be considered too financially risky to qualify for government backed, fixed-rate loans.
A plan that will help hundreds of thousands of homeowners avoid foreclosure is drawing support [...]

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White House Says Bush Will Veto Senate Housing Bill

by Moe Bedard

It looks like our president is more worried about saving his boys on Wall Street, like the $35 million dollar bail out of Bear Stearns , then helping millions of suffering homeowners who are losing their homes.
AP:
The White House says President Bush would veto a foreclosure rescue the Senate began debating Thursday.
Administration officials object to [...]

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