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The Federal Housing Administration, the
government insurer of home mortgages, is often credited with saving the
home finance market during the worst of the latest housing crash. When
no one else would lend to lower-income borrowers, the FHA stepped in,
its share of mortgage originations rising from around 3 percent during
the height of ...
Fannie Mae lost $2.4 billion in the fourth quarter and asked the federal government for another $4.6 billion in bailouts.
Fannie earned a $73 million profit the same period the year before.
The government-sponsored enterprise reported a $16.8 billion loss for
the entire year, widening 20% from the $14 billion in ...