FHA at Risk - reserves fall dangerously low

FHA at risk as reserves fall dangerously low

The Federal Housing Administration has taken a hit as mortgage-related losses mount. The agency's reserves are in danger of dropping to less than what Congress mandates, officials said. The situation is expected to fuel speculation that the FHA might need government aid, although agency officials said they need to report only a shortfall to lawmakers.
-The Wall Street Journal

  

Victor Lloyd Smith

Millennium Lyon Asset Management