The Federal Housing Administration, which recently received an infusion of funds from the Treasury to cover projected losses, still faces a $1.3 billion capital shortfall, an independent audit released Friday found. The annual analysis calculates the solvency of the FHA’s mortgage insurance fund under a range of economic assumptions. FHA Commissioner Carol Galante declined to comment at a briefing for reporters on whether the agency might need a second straight taxpayer subsidy. The government mortgage insurer received a $1.7 billion infusion from Treasury in September, the first time it has needed aid in its 79-year history. The report could raise...
http://m.washingtonpost.com/business/economy/fha-faces-13-billion-capital-shortfall-audit-finds/2013/12/13/d3588c78-6449-11e3-91b3-f2bb96304e34_story.html?tid=hpModule_a2e19bf4-86a3-11e2-9d71-f0feafdd1394
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