June 19, 2009 -- By Alan J. Heavens -- Inquirer Real Estate Writer
WASHINGTON--With some early signs that the housing market is stabilizing, HUD Secretary Shaun Donovan said yesterday that President Obama's continuing efforts to "fix a financial system that's broken" meant that the Federal Housing Administration would play an increasingly larger role in mortgages.
"While we prefer to have the private market be more involved, we have asked . . . to expand our authority to provide $400 billion more for the FHA insurance program," Donovan said at a conference of real estate reporters and editors here
more ...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment