Nov. - bond holders may form a group to challenge Bank of America Corp.'s plan to rework home loans to settle fraud complaints, a lawyer said.6 (Bloomberg) -- Countrywide Financial Corp. Many people dream of owning their own homes but only very few are able to pay cash for them. This is why FHA mortgages are one of the popular methods to find a source for consumer credit. People who could not otherwise afford to own a house become homeowners with the help of FHA mortgage insurance programs.