federal housing administration

The Federal Housing Administration says homebuyers who receive down payments through nonprofits are more likely to default on FHA loans than homebuyers who put up the money themselves.

Supporters of the assistance program are fighting back.

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On Capitol Hill this week, lawmakers are set to continue to grapple with the best response to the rising tide of home foreclosures.

But the Bush administration says it has a solution in place: A nine-month old mortgage refinancing program run by the Federal Housing Administration.

At the center of all of Washington's efforts to rescue the battered housing markets is the formerly obscure Federal Housing Administration.

In Washington on Thursday, lawmakers are holding more hearings on legislation to aid distressed homeowners.

Congress is considering several bills to help stem rising foreclosures. The Bush administration Wednesday proposed expanding a Federal Housing Administration program.

Renee Montagne talks to NPR's John Ydstie and Brian Naylor about the evolving developments.

By early April, both chambers of Congress are likely to tie the bow on a bill that would expand the reach of the Federal Housing Administration (FHA), which aims to provide safe loan alternatives to subprime mortgages and make homeownership more accessible.

By early April, both chambers of Congress are likely to tie the bow on a bill that would expand the reach of the Federal Housing Administration (FHA), which aims to provide safe loan alternatives to subprime mortgages and make homeownership more accessible.

President Bush said Thursday that he opposed the foreclosure prevention legislation that Senate Democrats have introduced, and reiterated his call to Congress instead to pass legislation reforming how Fannie Mae and Freddie Mac are regulated and modernizing the Federal Housing Administration.