Federal Housing Administration leader David Stevens will leave post
2011-03-11 — washingtonpost.com
"By the time Stevens joined the FHA, the housing market had tanked, mortgage credit had virtually dried up and borrowers rediscovered the agency's government-backed loans. But as the FHA's popularity soared, its default rates climbed and its cash reserves eroded to dangerously low levels."
original article | permalink to this page | forum thread
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.