Morning Scan: FHA Returns to the Black; Civil Case Against Mozilo?

11/18/14

Receiving Wide Coverage ...

Housing Rebound?: The Wall Street Journal and Washington Post both have articles noting the significance of the Federal Housing Authority returning to the black for the first time since 2011. The FHA served as a backstop for the housing market during the financial crisis, when other lending sources dried up. But that resulted in a sharp increase in the FHA's default rate. Now the agency has recovered, at least in one sense....

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