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Half a century ago, a dream of affordable housing turned sour in Sunset Park, Brooklyn

Apr 13, 2023
The neighborhood's decline in the early 1970s had roots in a scandal surrounding a federal program meant to boost home ownership.
"Marketplace Morning Report" host David Brancaccio stands in what used to be his grandfather's bar in the Sunset Park neighborhood of Brooklyn.
Jarrett Dang/Marketplace

Who will benefit from the reduced cost of FHA loans?

Feb 27, 2023
The Biden administration is lowering rates on the mortgage insurance people have to pay when they take out a loan backed by the Federal Housing Administration.
The lowered insurance premium could mean savings of between $600 to $1,000 a year, depending on the size of your loan.
Joe Raedle/Getty Images

The FHA lowers charges to new borrowers

Jan 26, 2015
The reduction could save two million homeowners an average of about $900 a year.

The man behind Fannie and Freddie

Jun 4, 2014
In the world of real estate, few people are more powerful than Mel Watt.

Report: FHA foreclosures feed off each other

Dec 12, 2012
Government-backed loans with the Federal Housing Administration help borrowers who might look like a foreclosure risk. And the reality is many of them are.

Explaining the FHA with help from Uncle Charlie

Nov 20, 2012
What is the Federal Housing Administration and how does it work? Uncle Charlie and Sr. Producer Paddy Hirsch explain.

Another housing agency may need bailout

Nov 15, 2012
The Federal Housing Administration may need taxpayer money as delinquencies mount on loans it guaranteed for first-time home buyers.

For public good, not for profit.

Rising delinquencies threaten Federal Housing Administration

Nov 15, 2012
The Federal Housing Administration's annual report is due out this week, and there's concern that the agency, which insures more than a trillion dollars in mortgages, is in big financial trouble.

U.S. homeowners to get a few new lifelines

Mar 6, 2012
President Obama reportedly plans to announce some new help for hurting homeowners. There's word one part of the plan would make it cheaper to refinance mortgages insured by the Federal Housing Administration.