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FHA Nears Need For Taxpayer Funds

Friday, November 16, 2012 - 7:42 AM
The Federal Housing Administration is expected to report this week it could exhaust its reserves because of rising mortgage delinquencies, according to people familiar with the agency's finances, a development that could result in the agency needing to draw on taxpayer funding for the first time in its 78-year history.

FHA Nears Need for Taxpayer Funds - WSJ.com
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