WASHINGTON -- The home mortgage industry is girding for a sweeping restructuring of the Federal Housing Administration, long a pillar of the business.

President Clinton is expected to announce as early as tonight a plan that could eventually convert the mortgage insurer into a "government-controlled corporation" that would work closely with private firms.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.