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
Family gives home back to Habitat for Humanity	17 min	Kbm	6
Mortgage scammer could get 37 years \| The Colum...	19 min	Hmm	6
In Twin Cities, foods stamps are feeding the su...	1 hr	Squeaky Palin	91
How dare the bankers ask for their bonuses	5 hr	Oregon is Di...	2
Westpac goes bananas with email on rationale be...	6 hr	scooterman	2
BofA says 600,000 mortgages modified	9 hr	Festus	6
Lend America Closes Down After FHA Cancels Appr...	9 hr	inNeedofHelp	3