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FHA Faces Shortfall From Mortgage Losses

By: Ailsa Chang // November 15, 2012
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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.

Arts & Culture

NPR

Three-Minute Fiction Readings: 'Geometry' And 'Snowflake'

NPR's Bob Mondello and Susan Stamberg read excerpts of two of the best submissions for Round 11 of our short story contest. They read Snowflake by Winona Wendth of Lancaster, Mass., and Geometry by Eugenie Montague of Los Angeles.

Food

NPR

Gals Who Grill: What Will It Take For Women To Man The Q?

The grill "is the one and only male-dominated appliance in America," says a researcher who recently crunched the numbers. He found that men are more than twice as likely as women to be the primary grillers at home. One reason? Grilling can feel like a form of recreation.

Politics

NPR

IRS Hearings Highlight Ambiguity Of Nonprofits In Politics

The congressional hearings about the IRS's handling of Tea Party applications for tax-exempt status raise the question of why and how tax-exempt groups engage in politics in the first place.

Technology

NPR

Google Reportedly Faces FTC Antitrust Probe Over Display Ads

The Federal Trade Commission is in the early stages of opening an antitrust probe into how Google runs its online display advertising business, according to a report by Bloomberg News, citing sources who want to remain anonymous because the FTC has not announced the probe.

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