The Federal National Mortgage Association notified the House Banking Committee today that it opposed a compromise bill to regulate mortgage guarantees.
Those agencies have foreclosed on thousands of properties in the area on which they held mortgages or mortgage guarantees.
Politically connected consultants apparently urged some bending of the rules as to what kinds of projects could receive mortgage guarantees.
This concept hinges on $90 million in Federal mortgage guarantees, which has not yet been approved.
One issue involved a new system in which some Federal benefits, including student loans, mortgage guarantees and pilot licenses could be withdrawn from people convicted of drug offenses, including simple possession.
Mortgage insurance (also known as mortgage guarantee) is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan.
With this mortgage guarantee from the Housing and Urban Development Department, he can't lose.
I have accidentally deleted too many legitimate e-mail messages lately in my zeal to purge my box of ads for Viagra, mortgage guarantees and worse.
In Washington, the Federal Government small-mindedly insisted that, no, public parkland could not be offered as collateral for mortgage guarantees.
Overlaying the basic subsidy of the American Dream - the deductibility of mortgage interest payments - have been other advantages like mortgage guarantees.