Posted on April 12, 2009 at 2:00am
Last modified Friday, April 3, 2009 8:42 PM PDT
HOUSING: Now federal loans are sinking, too
By ZACH FOX - North County Times
Once considered among the safest loans available, government-insured mortgages issued last year have performed worse than the subprime loans that kicked off the collapse of the nation's housing market, according to data from a research firm.
So far, government bailouts have put up to $2.9 trillion of… Continue