Industry NewsMarkets & Economy

FHA’s $16.3B deficit raises specter of taxpayer bailout

Annual insurance premiums going up again in 2013
Published on Nov 16, 2012 | Updated on Apr 23, 2013

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

A fund used to support the Federal Housing Administration's single-family mortgage and reverse mortgage insurance programs ended fiscal year 2012 with a $16.3 billion deficit, according to an annual report submitted to Congress today.

The shortfall raises the specter that the agency will require a taxpayer bailout next year for the first time in its 78-year history.

Comments