Raised guarantee limit may be tough to roll back
(NEWSER) - When the government last year doubled the amount the FHA will guarantee on a home loan, to more than $700,000, it moved the agency into uncharted territory: backing loans for the middle-class and the wealthy, too. It also moved the FHA, designed to help low-income buyers who can't raise a hefty deposit, into expensive cities like San Francisco, where there had never been an FHA loan before last year, the New York Times reports. More»
