Relevant:
- In an F.H.A. Checkup, a Startling Number
- Number of Troubled Banks Rises to 552; FDIC Fund Sinks Into the Red
- FHA Insurance Fund Dropped 39%
- Future FHA buyers to subsidize poor performing FHA loans of yesterday -- Will the FHA make mortgage insurance premiums permanent?
- FHA Head: Agency Capital Reserves Strengthening
2012-12-03 — nytimes.com
``The F.H.A. backs $1.1 trillion of American mortgages and, by the look of things, it's in deep trouble. Last year, its mortgage insurance fund was valued at $1.2 billion. Today that fund is valued at negative $13.48 billion.
Granted, that figure, reported by F.H.A.'s auditor, doesn't represent actual losses. It's an estimate of the difference between future mortgage insurance premiums that the F.H.A. will collect and the expected losses on the mortgages that the agency is obligated to cover over time, combined with the agency's existing capital resources. ''
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