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FHA Audit Shows Insurance Fund at Negative $13.48 Billion 

Nov 15, 2012By

The Federal Housing Administration’s current book of business is valued at negative $13.48 billion reports the Wall Street Journal based on a pre-release of the annual FHA audit late Thursday. Additional reports indicate the audit will show FHA’s reverse mortgage (Home Equity Conversion Mortgage) Portfolio being valued at negative $2.799 billion at the end of fiscal […]