FHA's reserve fund hits 7-year low

Full story: www.washingtonpost.com

The Federal Housing Administration, which has played a crucial role supporting American home buyers after the collapse of the mortgage market, has burned through a huge cash reserve in less than a decade and could soon wind up with what amounts to an automatic taxpayer bailout if the agency's fortunes don't improve, according to a review of FHA finances.

Leave a Comment

Comments

Type in your comments to post to the forum

Name
(appears on your post)

Comments

Type the numbers you see in the image on the right:

Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Other Recent Mortgage Discussions

Topic	Updated	Last By	Comments
School taxes in Pennsylvania may soar to pay fo...	5 hr	Rocko	91
Home equity loan market remains very tight	5 hr	Top Producer	1
Without jobs, health care is costly for Greene ...	6 hr	rural resident	15
Arkansas Senator Lincoln Is Key Player in Healt...	7 hr	angels amoun...	24
Where's the economic recovery? It depends on wh...	10 hr	Jones	1
First-time Buyers Should Take Advantage of Hous...	10 hr	dany	1
Mentally ill are losing some of their last refuges	14 hr	irene	6