We all knew it was eventually going to happen. FHA is looking for a bailout to maintain it's required reserve account. What's somewhat surprising is that they say it's due to losses on their reverse mortgage side. The thing that's frustrating to understand is that FHA is nowhere near bankrupt at all.
More National Real Estate Post Videos
Why Does the Eminent Domain Fix Have Legs?
Mortgage Survey is Very Revealing
Principle Reductions and a Bubble On the Way
From Mediocre to Awesome
Fed Buys Bonds at $2 Million a Minute
The Disparate Impact Debate Heats Up!
Rating Agencies Say Not at Fault
CFPB Knocking Them Down Like Flies
GSEs Buying Insurance?
Freeloading Kids Holding Back Housing?
CFPB 3% Cap Refundable MI?