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Property Crossroads - Real Estate Info

June 11th, 2008

Should the FHA take on more bad mortgage loans?

There’s an interesting debate going on now between members of Congress and the Federal Housing Administration. Congress has proposed legislation requiring the FHA to back up to $300 billion worth of risky mortgage loans. The commissioner of the FHA, Brian Montgomery, opposes this legislation, saying that taking on so many bad loans would hurt his agency.

By Dan -- 0 comments