November 16, 2012 at 08:39 AM EST
FHA Going Broke, Thankfully
The insolvency of the federal government’s middle class entitlement programs is well-documented, at least for the high-information component of the electorate. We can now add home mortgage guarantees to the mix. The FHA does not maintain the required minimum capital reserves for the loan portfolios it supports. Credit rating agency analysts will be loathe to [...]
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