The head of the Federal Housing Administration says her agency may need as much as a $1 billion rescue package to bolster its reserves despite efforts to shore up its finances with higher mortgage insurance premiums.

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With the Federal Housing Administration on shaky fiscal ground, the likelihood of a taxpayer bailout has some in the housing industry concerned about potential fallout.

Tagged with: Federal Housing Administration housing market U.S. Department of Housing and Urban Development Whitefish Bay

By Derek Kravitz Associated Press Washington — The Obama administration could turn thousands of government-owned foreclosures into rental properties to help boost falling home prices. The Federal Housing Finance Agency said it was seeking input from investors on how to ...

Tagged with: Fannie Mae Federal Housing Administration Federal Housing Finance Agency FHA foreclosure foreclosures Freddie Mac Obama

By Joe Lanane Backers of home resale fee regulation say they want to reduce the number of homeowners surprised to find a 1 percent charge added to their closing costs. The fees, also known as private transfer fees, are attached ...

Tagged with: Brookfield Fannie Mae Federal Housing Administration Federal Housing Finance Agency Freddie Mac Wisconsin Realtors Association

By Alan Zibel AP Real Estate Writer Washington — Lawmakers are starting to wrestle with how to replace Fannie Mae and Freddie Mac, the mortgage giants that nearly collapsed at the start of the financial meltdown. In September 2008, the ...

Tagged with: Fannie Mae Federal Housing Administration Freddie Mac House Financial Services Committee

By Sean Ryan sean.ryan@dailyreporter.com Stepping into the void left by gun-shy private lenders could be the best way for Milwaukee to brighten its development horizon. The first step came with the city’s decision to give a $9.3 million loan to ...

Tagged with: AFL-CIO Department of Housing and Urban Development Federal Housing Administration FHA Focus on Greater Milwaukee HUD lenders loan Milwaukee Moderne Mortgage Bankers Association Rick Barrett

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 ...

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Edgerton Hospital and Health Services announced Friday it has secured financing and will be moving ahead with plans to build a new hospital. The $26 million hospital will be located on a 69-acre site east of Edgerton on Highway 59. ...

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WASHINGTON (AP) — The Federal Housing Administration is proposing stricter rules for lenders to reduce its risk and insure it can cover future losses. The agency proposes to require lenders to have a net worth of at least $1 million ...

Tagged with: Federal Housing Administration FHA lenders loans mortgage

Washington (AP) — The Federal Housing Administration’s financial cushion has dipped to a dangerously low level but should remain above zero under “most economic scenarios,” according to the agency. The FHA, a major source of money for first-time homebuyers, faces ...

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