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» GAO Backs Controversial New Method for Setting FHA Reserves That’s Opposed by Mortgage Bankers
GAO Backs Controversial New Method for Setting FHA Reserves That’s Opposed by Mortgage Bankers
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The General Accounting Office late last week issued a report backing a proposal to change how capital reserve targets are set for the FHA single-family mortgage insurance, although the plan may falter because of a lack of political support.