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...bought or refinanced a house within the past year, there's a 1 in 4 chance you have the Federal Housing Administration to thank. The Depression-era agency, once the last resort of folks who were less-than-perfect credit risks, was practically forgotten during the real estate boom - anyone with a pulse qualified for a mortgage. Now the FHA has resumed its old role by propping up the housing market, since private lenders began shunning all but the least-risky loans. The FHA doesn't lend directly but rather entices lenders do so by agreeing to cover any losses...

Author: /time Magazine | Title: FHA: Housing's Safety Net Begins to Fray | 11/14/2009 | See Source »

...that a growing number of people have stopped paying their mortgages, the FHA has had to pay out more in claims that it forecast. The agency has just $3.6 billion on hand to cover any unexpected losses in its $685 billion portfolio. That paltry level of reserve funding, less than is mandated by the government, has left some members of Congress in a twitchy mood and some onlookers to wonder if the FHA will eventually need a massive infusion of cash. (See high-end homes that won't sell...

Author: /time Magazine | Title: FHA: Housing's Safety Net Begins to Fray | 11/14/2009 | See Source »

...number leaked to YouTube, FlyBy lamented. It’s chintzy. “Vanilla,” as Mercedes charges. Turns out they saved the good stuff for the episode. This arrangement is more balanced between the characters, lacks the droning endlessness of the CD version, and suffers less from the (still-underwhelming) ending. Rachel makes a perfect little Idina, and we’d be first in line for Wicked starring Kurt. But what’s best about this number is the struggle Kurt brings to it. “I’m through accepting limits...

Author: By Luis Urbina, CRIMSON STAFF WRITER | Title: Recap: “Wheels” | 11/14/2009 | See Source »

...find her something to “dip in chocolate,” Will? Really? But even in this scene, Finn’s reaction shot shows the creators are aware they may need a net.) Ultimately, it’s an act that is wobbling less after this week...

Author: By Luis Urbina, CRIMSON STAFF WRITER | Title: Recap: “Wheels” | 11/14/2009 | See Source »

...with roots in Pakistan, Africa and the Middle East, others native-born Americans. Now the small, red brick mosque on South Fort Hood Street is notorious as the place where Hasan prayed. It sits on the edge of town, past the strip malls, car washes, fast food joints and less than a mile from the gun shop where Hasan is alleged to have bought his lethal weapon...

Author: /time Magazine | Title: A Muslim Community Moves On After Ft. Hood | 11/14/2009 | See Source »

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