FHA solvency update
Last week I had blogged this post regarding mounting losses at FHA. Today, WSJ.com had a follow up with this article. The bad news is that the FHA reserves level will drop below congressional mandated levels. The good news is that the FHA has forecasted out 2 years from now and is projecting those reserves will rebound above that level with out any bailouts. We don’t expect any changes to FHA loans at this point.
Posted: September 18th, 2009 under FHA.
Tags: FHA financial health, FHA loan update, FHA solvency