Federal Housing Administration May Need Bailed Out
By: Dan Bobkoff
April 11, 2013
Reverse mortgages are to blame, and the agency has until Sept. 30 to determine whether it needs to tap the treasury. The FHA commissioner said in a statement that if not for the reverse mortgages, the agency would have had a $4 billion surplus at the end of the year.
Trump has filed a $10 million breach-of-contract lawsuit against Chef José Andrés and his companies after Andrés announced that he's canceling plans to have a restaurant inside Trump's Old Post Office hotel in downtown D.C.
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