Will FHA be the next big government bailout?

``The agency's reserves fell to 0.24% in fiscal 2011, down from 0.5% the year earlier, according to independent estimates in the report. This ratio measures the net worth of the reserve fund compared with the value of the loans FHA has insured. If home prices continue to drop in the coming year, the agency's losses could exceed its reserves, forcing it to either seek a bailout from the Treasury Department or once again increase the premiums it charges borrowers.''