Relevant:
- In an F.H.A. Checkup, a Startling Number
- Number of Troubled Banks Rises to 552; FDIC Fund Sinks Into the Red
- Fannie, Freddie "Mother of all Bailouts" may cost Taxpayers $1 Trillion
- Fannie-Freddie Bailout Could Cost Taxpayers $1 Trillion
- Obama Seeks Holy Grail of Housing, Proverbial Free Lunch, Gain With No Pain; It's Another Bank Bailout in Disguise
2012-12-04 — nytimes.com
Like Fannie Mae and Freddie Mac before it, the Federal Housing Administration is suffering in a mortgage hell of its own making. F.H.A. officials say they won't need taxpayers' help, but we've heard that kind of line before.
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.
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