HUD Touts Higher-Quality Books of FHA Business, But Some Still Concerned About FHA Audit
November 19, 2009
Department of Housing and Urban Development officials are pinning a lot of their optimism about the health of the FHA mortgage insurance fund on the better-quality loans insured in 2009, but the long-awaited audit report released late last week didn’t ease all concerns about the program. The FHA ended its fiscal year in September with an 0.53 percent capital reserve ratio, well below...