Business takeout: Federal Housing Agency teeters
When lenders Fannie Mae and Freddie Mac collapsed, the little-known Federal Housing Agency stepped in to fill the void. But now the FHA is facing a financial crisis of its own which has some analysts wondering if the FHA will soon need its own bailout.
When lenders Fannie Mae and Freddie Mac collapsed, the little-known Federal Housing Agency stepped in to fill the void for lenders. But now the FHA is facing a financial crisis of its own, and that has some analysts wondering if the FHA will soon need its own bailout. The Takeway talks to finance reporter Louise Story to find out more.