The Federal Housing Administration should be able to avoid a first-ever bailout, Commissioner...
The Federal Housing Administration should be able to avoid a first-ever bailout, Commissioner Carol Galante is due to tell a House panel today. The FHA plans to take further steps to avoid foreclosures and increase the amount it charges borrowers to insure their loans against default, which should be enough to offset any shortfall. In November, an independent actuary said the FHA could need aid of up to $16.3B.
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