*Don't forget the bank bailouts and why!!  The first one Obama supported was for the poor and now they lost their homes because they could not pay.  Took down the poor.  This is aimed at the lower-middle class,.. going to take them down and leave them homeless next? What's your opinion?  Full Story

5. FHA requirements 

With so many borrowers unable to meet today's stricter lending requirements, FHA-backed loans have become increasingly popular. Today, the FHA guarantees nearly 30% of new home mortgages. That's a stunning increase from 2006, when the agency backed roughly 3% of new home loans.

Meanwhile, the agency's finances have deteriorated considerably. The seasonally adjusted delinquency rate for FHA loans increased from about 13% in the third quarter of last year to 14.36% in this year's third quarter. At the same time, the agency's capital reserve ratio dipped below the level that Congress mandates.

In the face of mounting political pressure, the Obama administration has announced steps that may make it more difficult for some borrowers to obtain mortgages backed by the agency. These include raising the minimum FICO score, increasing upfront cash requirements and possibly charging higher insurance premiums.

"We want to ensure that we are able to continue to support the housing market in the short term and provide access to homeownership over the long-term, while minimizing the risk to the American taxpayer," Housing and Urban Development Secretary Shaun Donovan said in written testimony to a congressional committee.