Republicans, targeting virtually every element of a measure they characterized as an ... WASHINGTON - Democrats turned back a slew of Republican challenges to their housing rescue package Wednesday as they moved toward committee approval of the plan. FHA (HUD0 insures then insures the loan and pays the lender if the borrower defaults on the mortgage. The protection offered by FHA mortgages to lenders allows them to be more liberal with their terms than the prospective homeowner might otherwise obtain.
