Feds Need to Overhaul Costly Housing Programs

U-T San Diego -- Two related articles were juxtaposed in the U-T San Diego Business section last Saturday, September 28th. One highlighted the Federal Housing Administration (FHA) drawing down $1.7 billion from the U.S. Treasury to help cover $5 billion in losses on its reverse mortgage program. The other presented economists’ solutions to the question of what should be done with Fannie Mae and Freddie Mac. (Full story)

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