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Home prices rose in March from February in most major U.S. cities for the first time in seven months.. A long-awaited federal program will soon allow more Phoenix-area homeowners to refinance their mortgages and lower their payments in spite of owing far more than their homes are now worth.. A temporary boost to Federal Housing.
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FHA’s mortgage delinquencies soar. Housing experts have been warning for years that many FHA-insured loans are not sustainable, especially in these troubled times CNN: And taxpayers could ultimately be on the hook for FHA’s growing number of troubled mortgages. The agency’s finances are already on shaky ground, and additional losses from loans.