Comments on:

FHA to draw $1.7b from Treasury to cover losses

Back to the article » |
WASHINGTON (AP) — A federal housing agency said Friday it needs a $1.7 billion bailout from the Treasury to cover projected losses in its reverse mortgage programs which allow seniors to borrow against their homes for everyday living expenses. Federal Housing Administration Commissioner Carole Galante told Congress in a letter that her agency will withdraw the money from the Treasury before the...

To learn more about commenting on and our community guidelines, please see our comments FAQ.