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by CareyBot

Every time the U.S. Department of Housing and Urban Development makes a change or looks at its financial stability, you hear howls about its function in housing. Should the government really be involved in homes and loans? Some members of Congress would like to see the Federal Housing Administration agency taken out of HUD and put into the private sector. For years, "government housing" options -- specifically FHA-insured loans -- were perceived as being problematic and heavily wrapped in red tape. The favorite line for real estate salespersons became, "Of course your FHA loan is screwed up ... can you spell HUD backwards?'' But, guess what? HUD also steps up. HUD tried programs that the private sector wasn't quite ready to digest. The agency first introduced and ...