Another housing agency may need a bailout

Bedrosian Center Director, Raphael Bostic interviewed by Mark Garrison on Marketplace, right before the FHA financial status report was sent to Congress.

“FHA has historically been an entrée for a bunch of first time homebuyers to get access into home ownership,” says Raphael Bostic, a USC public policy professor and former HUD assistant secretary.

Bostic adds that the program with roots in the Great Depression has been especially important for minority home buyers.”