Loss-riddled FHA Will Need First-ever Cash Infusion, As Years of Slack Underwriting, SFDAPs Haunt It
2013-09-27 — moneynews.com
``The Federal Housing Administration, weighed down by losses on souring loans, will likely need a cash infusion from the U.S. Treasury for the first time in its nearly 80-year history when the current budget year ends, according to sources familiar with the matter. '' -- As predicted by us, and studies by Wharton and GWU a few years ago. FHA is especially hurting from the impact from seller funded downpayment assistance loans, SFDAPs/DPAs.
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