FHA

Bush Issues Veto Threat on FHA Expansion Bill 

A hotly-contested bill at the center of a proposed housing aid package, scheduled to begin debate in the House of Representatives on Wednesday, won’t get the support of President Bush, the White House said late Tuesday. The president issued a clear a veto threat to legislation proposed by House Financial Services Committee Chairman Barney Frank (D-MA) that would seek to significantly expand the scope of insured mortgages offered via the Federal Housing Administration.