FHA going broke? How to qualify for a home loan anyway

shack
shack

As the economy is supposed to be emerging from the dark cave of deep recession, you might expect it would become easier for you to secure a mortgage in the months ahead. The truth is, however, that unless you start taking some key steps right now, you may find yourself still in that recessionary cave instead of a new home, because the Federal Housing Administration is running out of money. For many potential home buyers, that's a bit like your rich uncle Sam, who was always a soft touch for a few extra bucks, filing for bankruptcy and leaving you in the lurch.