Tuesday, May 12, 2009

FHA Seeks $800 Million to Cover Losses

Because of falling home values, the Federal Housing Administration plans to ask Congress for nearly $800 million in taxpayer money to buttress a mortgage program for seniors.

Nonetheless, the agency's flagship home-buying program remains solid, Housing and Urban Development Secretary Shaun Donovan said yesterday.

To read the entire article, please visit: Washingtonpost.com http://ow.ly/6qKu

If need a FHA loan in Georgia see www.atlloans.com

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