Just as Britain's rapidly deteriorating prospects are raising pressure on the custodians of the nation's economic fortunes at the Bank of England, there will be an important reshuffle among the ...The guard is changing in Threadneedle Street this week. FHA is the Federal Housing Administration. As part of the U.S. Department of Housing and Urban Development (HUD), one of the chief purposes of the FHA is to help people obtain financing for their homes.