Concerns About FHA’s Solvency Return as Annual Insurance Fund Audit Approaches
September 10, 2009
While some outside observers are raising concerns about declining reserves at the FHA insurance fund, government officials say the program is doing fine and won’t need a taxpayer subsidy. The Department of Housing and Urban Development only gets a snapshot of the FHA Mutual Mortgage Insurance Fund once a year, when a formal audit is done at the end of the fiscal year. The audit done in...