USA Today - ... A portfolio of risky credit contracts lost $11.12 billion in value, and AIG also incurred more than $3 billion in ...... says it swung to a hefty loss for the fourth quarter, hurt by a write-down of derivatives exposed to bad investments. As stated earlier, FHA mortgage is a way for homebuyers to obtain financing for their homes. All home purchases require buyers to make a certain set percentage of the total purchase price, called the down payment. What the FHA mortgage insurance does therefore is to allow a homebuyer to make a modest down payment and obtain a mortgage for the balance of the purchase price.
