This blog isn’t really supposed to be about tips, and hints. But, a couple of days ago, the New York Times gave such a good piece mortgage advice that I just have to pass it on. Read the rest of this entry »

A New York Times story claims that while politicians are getting a lot of media play with claims that homeowners in financial trouble will be rescued by the Federal Housing Administration (FHA), the agency itself may not be capable of that feat. FHA has been successful largely due to the fact that buyers are required to purchase insurance and until now the premiums were always sufficient to cover losses triggered by defaults.

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