Most [tag]mortgage[/tag] professionals indicate that the next generation of [tag]subprime mortgage[/tag]s will look much different than the loans issued during the height of the housing boom. Many argue that subprime lenders have been very successful in increasing homeownership rates by creating liquidity and offering credit to those previously denied loans. Many are looking to the [tag]Federal Housing Administration[/tag] to step into the subprime void. Several proposals in Congress would expand FHA lending authority, allowing it to come to the rescue of subprime borrowers struggling with their current mortgages. The FHA, which provides government-backed mortgage insurance on [tag]low-down-payment loan[/tag]s, is in a good position to address the subprime market. Subprime Mortgages: America\'s Latest Boom and Bust

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