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Critical Housing Agency's Reserves Shrink

Posted By: Ted Harris, about 2 years ago (Report Spam)
Category: General Real Estate / Type: News
Source: money.cnn.com

The mortgage meltdown has ravaged the finances of a crucial government agency tasked with propping up the housing industry. The Federal Housing Administration's reserve fund has dropped to .53%, well below the 2% ratio mandated by Congress and the...