FHA Bailout? Special


email signup          RSS News Signup          Fay Servicing          BC’s profile


(has updates) Review finds FHA mortgage insurance fund short $13.5 billion – By Christina Mlynski – … The FHA insurance book currently covers $1.13 trillion in unamoratized insurance in force. Considering this, independent auditor Integrated Financial Engineering Group, said the fund will be in better health in the years to come. In 2019, the fund is estimated to stand at a positive $54.25 billion. …Housingwire

FHA Needs Bailout From Treasury to Plug Budget, Bachus Says – By Clea Benson and Cheyenne Hopkins – The Federal Housing Administration will need billions of dollars in aid from the U.S. Treasury before the end of the year … Spencer Bachus said today. … The agency is “burning through” its last $600 million and FHA officials have briefed him that they will need a financial backstop within a month, the Alabama Republican said during a press conference in Washington. … – Bloomberg Businessweek 
(3 years after bankruptcy) The FHA is giving loans to Ponzis to reenter the housing marketOC Housing News
(plus ghosts of Taylor-Bean) HUD Inspector General: Ginnie Mae can absorb any FHA losses – By Christina Mlynski – Housingwire


Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s