Federal Housing Administration to raise fees (10:58 a.m. 1/20/10)

Published: January 20, 2010
Tags: Bean & Whitaker Mortgage Co., Congress, down payment, Federal Housing Administration, fees, FHA Commissioner David Stevens, Lend America, lending standards, Mortgage Bankers Association, Taylor
Comments: 1

By Alan Zibel AP Real Estate Writer Washington (AP)— The Federal Housing Administration is raising fees and tightening lending standards to shore up its strapped finances and avoid a taxpayer bailout. The government agency has seen its losses rise with the foreclosure rate. Its reserves have sunk below the minimum level required by Congress. A [...]