Diane Nygaard (DN): It's ...Lawyers and Settlements -11 hours agoLawyers and Settlements (LAS): What difference has one month made in your work with investors stuck with auction-rate securities? A Ray of Hope in Auction Rate Securities - An Interview with Diane ... 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).