Federal Housing Agency Almost Out of Money

It may need an unprecedented bailout

By Kevin Spak,  Newser Staff

Posted Nov 15, 2012 8:16 AM CST

(Newser) – The Federal Housing Administration is expected to announce this week that it's on the verge of running out of cash and may need taxpayer help, the Wall Street Journal reports. Rising mortgage defaults are battering the agency, which, though it guarantees fewer mortgages than...   Read full story »


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