Federal Housing Administration May Need Bailed Out | WAMU 88.5 - American University Radio

Federal Housing Administration May Need Bailed Out

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Reverse mortgages are to blame, and the agency has until Sept. 30 to determine whether it needs to tap the treasury. The FHA commissioner said in a statement that if not for the reverse mortgages, the agency would have had a $4 billion surplus at the end of the year.
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