VIEWPOINTS: FHA bill doesn't address future issues

The House of Representatives recently passed H.R. 5072 by a huge margin to shore up finances of the Federal Housing Administration (FHA). Rep. Allen Boyd voted for the bill. The FHA does not actually fund mortgages, but insures mortgages against default. FHA requires only a minimal down payment (3.5 percent) and is a major source of financing to first-time home buyers as well as lower income borrowers. Read More..

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