Tuesday, November 15, 2011

FHA May Soon Need Its First-Ever Bailout

10:54 PM  Eddy Aragon's "La Politica"  No comments

FHA May Soon Need Its First-Ever Bailout: The US housing market is in such sorry shape that the Federal Housing Administration may soon need an injection of taxpayer funds for the first time since it was created as part of the New Deal 77 years ago. The agency's cash reserves have dropped to $2.7 billion, a...

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