FHA reverse mortgage losses may require bailout

FHA reverse mortgage losses may require bailout

WASHINGTON The Federal Housing Administration may need as much as a $1 billion rescue package before the end of the year to bolster its reserves despite efforts to shore up its finances with higher mortgage insurance premiums, a Senate subcommittee w…

Washington financially literate; quick profit for vintage apartments; mortgage delinquencies rise

Washington state scores well in financial literacy; vintage Seattle apartments yield quick profit; and state’s mortgage delinquencies are rising.

Regulating mortgage brokers right step

WASHINGTON — There are lots of proposed remedies to prevent another mortgage catastrophe like the one we’re going through now. Most of the suggestions I’ve seen won’t fix the loopholes that allowed so many borrowers to take on mortgage loans they couldn’t afford. (3 hours ago)