Portland Mortgage Broker

Treasury Secretary Henry Paulson said Monday that covered bonds are an answer to financial market’s request for clarity. He said covered bonds, a $3 trillion market used widely in Europe for mortgage funding, can develop without legislation in the U.S., and four of the largest U.S. banks are already prepared to set up the market. [...]

The Federal Housing Administration, created by the National Housing Act of 1934, is the largest insurer of mortgages in the world – to the tune of 34 million individual properties insured. In addition, the FHA is the only governmental agency that operates entirely from its self-generated revenues. In fact, the FHA program could conceivably be [...]