FHA mortgages

On Thursday, Congress moved to raise the loan ceiling for mortgages backed by the Federal Housing Administration on Thursday, despite some lawmakers' fears of artificially propping up the market.

Looks like low cost, low down-payment FHA-backed loans will be around for some time to come -- good news for potential home buyers, not such good news for those who argue that the more money borrowers invest upfront, the less likely they will be to walk away when threatened with foreclosure. Right...

Let's not forget that unprecedented government intervention is the only thing keeping the the housing and mortgage markets afloat. This level of support is so massive that many are wondering what will happen when the government finally pulls the plug.