SOURCE: Mortgage News Feed
The Federal Housing Administration is close to replenishing its troubled insurance fund to minimum required levels, according to a report by Moody’s Analytics, which provides economic data the agency uses to determine its financial health. The FHA’s reserves have been below mandated levels since 2009 and last year it had to take $1.7 billion in taxpayer funds to balance its books for the first time in its 80-year history.
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