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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: mortgage insurance

mortgage insurance stories: 5 news summaries

 FHA Helps High-End Buyers  

Raised guarantee limit may be tough to roll back

Nov 20, 09 5:34 AM CST
(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... More »

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real estate • housing market • Federal Housing Administration • mortgage loans • mortgage insurance • FHA

The Next Mortgage Lender Bailout: The FHA

Critics think fallback agency will need a rescue in next couple of years

Oct 9, 09 8:38 AM CDT
(Newser) - Another mortgage lender specializing in low income borrowers is in trouble: the Federal Housing Administration. The agency which oversees Fannie Mae and Freddie Mac could soon share their fate, as borrowers default on the low-downpayment mortgages it insures, critics told a House subcommittee yesterday. “It appears destined for a... More »

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mortgage • Freddie Mac • Fannie Mae • Federal Housing Administration • mortgage backed securities • mortgage insurance

Mortgage Deal Close in Senate

Bipartisan bill would expand insurance for refinanced loans, boost feds' oversight

May 15, 08 1:11 PM CDT
(Newser) - A Senate committee is close to agreeing on expansion of a government insurance program for refinanced mortgages, the Wall Street Journal reports. Though ridden with partisan conflict as recently as a week ago, staff for Democrat Chris Dodd and Republican Richard Shelby said today the sides were nearing a compromise,... More »

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mortgage • Chris Dodd • Richard Shelby • refinanced mortgages • Senate Banking Committee • bailout • mortgage insurance

Depression-Era FHA Tries to Save Mortgages

Long-sidelined agency now a central player
in the credit crisis

Mar 6, 08 1:00 PM CST
(Newser) - It’s been a while since the Federal Housing Administration was relevant. But now policymakers are counting on the Depression-era agency, which mostly insures mortgages, to once again solve a housing crisis. FHA-insured loans are swiftly becoming substantially cheaper than their Fannie Mae or Freddie Mac backed counterparts. “The... More »

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housing market • Freddie Mac • Fannie Mae • Federal Housing Administration • housing crisis • economic stimulus package • subprime crisis • mortgage insurance • FHA • FHA mortgage • Great Depression

AIG Posts
$5.2B Loss
on Writedown

Giant insurer takes $11B charge on mortgage woes

Feb 28, 08 5:49 PM CST
(Newser) - Today's after-hours bad news from the credit-crunch front comes from insurer AIG, which reported a fourth-quarter loss of $5.29 billion after taking an $11 billion writedown on mortgage-related insurance contracts, the Wall Street Journal reports. The loss amounts to $2.08 per share; American International Group turned a profit... More »

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AIG • credit crisis • writedowns • American International Group • mortgage insurance • Martin Sullivan • financial crisis

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