Mortgage Delinquencies Are 'Likely To Worsen'
By Anna Bahney
Not even one of the biggest government bailouts in history will immediately turn back the flow of home foreclosures and falling housing prices.
Can FHA Be Belle Of The Ball In A Tattered Frock?
By Kenneth J. Harney
In the current credit squeeze, if you have less than a 20 percent down payment, there’s pretty much only one major source of mort-gage financing available: FHA, the Depression-era home loan insurance agency that still offers 3 percent down, 30-year fixed-rate mort-gages with consumer-friendly credit standards, even on jumbo loans in high-cost areas of California and the East Coast.
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