Agency seeks help meeting demand

 

Published: October 11, 2008

WASHINGTON — In the current credit squeeze, if you have less than a 20 percent down payment, there’s pretty much only one major source of mortgage financing available:

The Federal Housing Administration , the Depression-era home loan insurance agency that still offers 3-percent-down, 30-year fixed-rate mortgages with consumer-friendly credit standards.

But there is a potentially troublesome problem ...


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