FHA’s Capital Position Still in the Black

Despite falling house prices and rising claims, the Federal Housing Administration’s mortgage insurance fund clung to a slim capital ratio of 0.24% on its book-of-business for the year ending Sept. 30, compared to 0.5% a year ago, according to independent actuarial reports released Tuesday morning.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_477/fha-capital-position-1027477-1.html

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