Tangled in Housing Bust, FHA Seeks a Hand - WSJ.com

Tangled in Housing Bust, FHA Seeks a Hand - WSJ.comComparisons to bailed-out mortgage giants Fannie Mae FNMA -1.02% andFreddie Mac FMCC -1.36% —the recipients of more than $137 billion from taxpayers—are tempting. But the FHA never relaxed its standards during the boom and didn't insure the toxic mortgages that inflated the housing bubble.