Elias: Mind the gap to understand economic crisisSan Gabriel Valley Tribune, CA -Aug 29, 2008... or refinance to another adjustable-rate with low start-up payments, while taking out cash for cars, boats, big-screen TVs and other toys. ... Does the lender make privately or federally insured or guaranteed loans? Some mortgage loans may be backed by a federal agency, such as the Federal Housing Administration (FHA loans) or the Department of Veterans Affairs (VA loans).
