FHA Raises Premiums to Insure Mortgages

The WSJ reports that the Federal Housing Authority (FHA) is going to raise the premiums it charges to insure that mortgages get paid. This is of course in response to the troubles over at Giant Mortgage Losers Fan & Fred (see our sidebar for the deathwatch).The FHA is part of HUD, the Department of Housing and Urban Development. The FHA "has 4.8 million insured single-family mortgages and