FHA Faces Shortfall From Mortgage Losses | WAMU 88.5 - American University Radio

FHA Faces Shortfall From Mortgage Losses

Play associated audio
The next victim of the foreclosure crisis could be the Federal Housing Administration. The agency is on the verge of burning through its cash reserves and will eventually ask for taxpayer assistance, according to Rep. Spencer Bachus, chairman of the House Financial Services Committee. The FHA insures many of the nation's low-down-payment mortgages.
NPR

Clerical Error Puts Church On New York's 'George Carlin Way'

The street named after the late comedian, who was known for his blistering attacks on religion, ended up being a block longer than city officials intended.
NPR

This Fine Wine Made At An Italian Penal Colony Is No 2-Buck Chuck

Off the coast of Tuscany, prisoners serving the end of their sentences are learning to make wine from a 30th-generation winemaker. It's a unique approach to rehabilitation that seems to be working.
NPR

Obama's Request For Immigration Funds Meets Pushback On The Hill

President Obama has asked Congress for $3.7 billion to address the influx of immigrant children at the U.S.-Mexico border. The Senate Appropriations Committee is holding a hearing about the request.
NPR

A New Device Lets You Track Your Preschooler ... And Listen In

LG's KizON wristband lets you keep tabs on your child. But some experts say such devices send the wrong message about the world we live in. And the gadgets raise questions about kids' privacy rights.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.