Just when it seemed that the mortgage mess was ending, the Federal Housing Administration, the agency that insurers home mortgages, is said to be experiencing escalating losses. The agency%u2019s latest annual report is expected to show a shortfall in reserves, leading to speculation that the agency may need assistance from the Treasury Department, Gretchen Morgenson reports in The New York Times.... [more]
Just when it seemed that the mortgage mess was ending, the Federal Housing Administration, the agency that insurers home mortgages, is said to be experiencing escalating losses. The agency%u2019s latest annual report is expected to show a shortfall in reserves, leading to speculation that the agency may need assistance from the Treasury Department, Gretchen Morgenson reports in The New York Times. %u201CIf the report, due later this week, showed that the F.H.A.%u2019s capital reserves had fallen deep into negative territory, it would be a stark reversal from projections last year that it would show a positive economic value of $9.4 billion in 2012.%u201D
http://dealbook.nytimes.com/2012/11/15/f-h-a-may-need-help/[less]
