'Overstretched' IL&P should sell its UK mortgage book, says MerrionIrish Independent, Ireland -9 hours agoMeanwhile, Citigroup has become the latest international bank to lower its forecasts for Irish banks on expectations that their losses on bad loans are set ... 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.