FHA Faces $1.3 Billion Capital Shortfall

The Federal Housing Administration, which in September received a first-ever $1.7 billion bailout from the U.S. Treasury, said an audit of its finances has found it still faces a $1.3 billion capital shortfall. The independent actuarial report shows that FHA’s Mutual Mortgage Insurance Fund (MMIF) has gained $15 billion dollars in value over the last […]

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