FHA is in balancing act because of weak market, souring home loans

01/19/2010 | Wall Street Journal, The

The Federal Housing Administration's finances are taking a beating as more mortgages insured by the agency go south. Lawmakers are pressing FHA Commissioner David Stevens to tighten credit standards, but making it more difficult for people to get home loans could have unintended consequences. If the FHA backs out too quickly, the housing recovery could suffer, hindering the broader economic recovery.

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