{"id":3971,"date":"2012-11-16T14:11:31","date_gmt":"2012-11-16T14:11:31","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=3971"},"modified":"2012-11-16T14:11:31","modified_gmt":"2012-11-16T14:11:31","slug":"federal-housing-administration-may-require-bailout-money","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/federal-housing-administration-may-require-bailout-money\/","title":{"rendered":"Federal Housing Administration may require bailout money."},"content":{"rendered":"

Federal Housing Administration may require bailout money.<\/h2>\n
\"Federal<\/a>

Federal Housing Administration may require bailout money<\/p><\/div>\n

Will the\u00a0Federal Housing Administration<\/strong> Need a Bailout?<\/h3>\n

The Federal Housing Administration<\/em> may require bailout money from the federal government to stay afloat, media outlets are reporting. The FHA insures mortgage lenders against losses.<\/p>\n

A high number of mortgage delinquencies is at blame, according to sources.<\/p>\n

“The\u00a0Federal Housing Administration<\/span> insures nearly 739,000 loans that were 90 days or more past due or in foreclosure at the end of September, an increase of more than 100,000 loans from one year ago,” The Wall Street Journal reports. “That represents around 9.6 percent of its $1.08 trillion in mortgage guarantees.”<\/p>\n

The\u00a0Federal Housing Administration is expected to report later this week that it has run through its reserves and will require a government bailout, The Wall Street Journal reports. If this takes place, it would be the first time that the FHA has ever needed a government bailout.<\/p>\n

Regardless, the government would not decide whether to grant\u00a0Federal Housing Administration a bailout and for how much until February.<\/p>\n

Source: \u201cFHA Nears Need for Taxpayer Funds<\/a>,\u201d The Wall Street Journal (Nov. 14, 2012)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Federal Housing Administration may require bailout money. Will the\u00a0Federal Housing Administration Need a Bailout? The Federal Housing Administration may require bailout money from the federal government to stay afloat, media outlets are reporting. The FHA insures mortgage lenders against losses. A high number of mortgage delinquencies is at blame, according to sources. “The\u00a0Federal Housing Administration … <\/p>\n

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