2009-09-20zerohedge.com

"FHA Director David Stevens came out last week with a statement that their 2% minimum capital rule will be broached this fall. Mr. Stevens swore that this was not going to be a problem and no federal bailout was going to be required. He came forward with a list of things to address the problem. As near as I could tell none of these changes will have a significant impact on the results. "



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