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

Misty Copeland Becomes First Black Principal Dancer At American Ballet Theatre

Misty Copeland has been promoted to top dancer at the prestigious American Ballet Theatre in New York. She is the first African-American female principal dancer in the company's history.
NPR

Why You Should Thank A Caterpillar For Your Mustard And Wasabi

Eons ago, cabbage butterfly larvae and the plants they eat began an evolutionary arms race. The result: "mustard oil bombs" that give the plants, and condiments we make from them, distinctive flavors.

NPR

Export-Import Bank Set To Expire At Midnight After Congress Fails To Act

The Export-Import Bank, which helps to finance trade deals for U.S. companies, needed Congressional reapproval by June 30, but Congress didn't act. Now the bank is living on borrowed time, thanks to an anti-crony capitalism campaign driven by Koch organizations and other conservative groups.
NPR

Flood Maps Can Get Much Sharper With A Little Supercomputing Oomph

Entrepreneurs are turning to Oak Ridge National Lab's supercomputer to make all sorts of things, including maps that are much more accurate in predicting how a neighborhood will fare in a flood.

Leave a Comment

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