$12.9 billion Estimate of the fund available to cover defaults $21.2 billion Estimate of the fund available to cover defaults a year ago ...more

January 26, 2009

The default rate for mortgages recently insured by the Federal Housing Administration has been climbing, an alarming trend for an agency that is playing a vastly expanded role in the mortgage market and backing roughly a quarter of all the loans made last year. ...more

January 26, 2009

Congress' plan to allow people to refinance into more affordable mortgages won't just relieve thousands of homeowners - it's also expected to save the banks that issued the loans billions of dollars. ...more

July 29, 2008

Lennar's national "Let's Get America Moving" campaign, with its special pricing and low-interest mortgage option, was initiated as a way to provide home buyers with the opportunity to own a new home with low payments. On May 3, the company took that concept a step further with its Super Saturday Sale, says Jassy Friddle, marketing manager with Lennar Tampa. ...more

May 20, 2008

The Senate moved Friday against the worsening mortgage crisis, voting to make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans. ...more

December 15, 2007