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As the housing market recovers, one government agency is still paying the price for helping to stabilize it -- and taxpayers could get the bill.
The Federal Housing Administration, whose mortgage insurance business skyrocketed during the Great Recession of 2007-09, said Friday that its reserves to cover losses dropped into negative territory for the fiscal year that ended Sept. 30.
Reactions were mixed on Friday after an independent audit found that the Federal Housing Administration is facing billions in losses.
Democrats and housing industry advocates called for changes at the struggling agency, which bore the brunt of bad loans made after the housing crash and the market's subsequent recovery, but argue the problems are solvable.
Congresswoman Maxine Waters helped to distribute Thanksgiving turkeys to non-profit organizations based in California's 35th Congressional District on Tuesday, Nov. 20 at the Behavioral Health Services' Pacifica House in Hawthorne.
Congresswoman Maxine Waters (CA-35) released the following statement in response to the Federal Housing Administration's annual financial status report issued to Congress today:
On Monday, the brand-new Playa Vista Elementary School just off Lincoln Boulevard held its official grand opening ceremony, complete with s
"National Domestic Violence Awareness Month serves as an opportunity for us to rededicate ourselves to ensuring that every victim of domestic violence is safe and offenders are held accountable for their
A former press secretary for the Democratic lawmaker said Dymally died Sunday in Los Angeles. He was 86.
Jasmine Cannick said Dymally's health had been in decline.