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The Department of Housing and Urban Development will face intense scrutiny from lawmakers after revelations this week that the department may have suppressed information indicating much higher projected losses for the FHA Mutual Mortgage Insurance Fund than it reported to Congress. Rep. Darrell Issa, R-CA, chairman of the House Committee on Oversight and Government Reform, raised the issue in a May 29 letter to FHA Commissioner Carol Galante, citing suspicious email exchanges between certain top FHA officials and Tyler Yang, chairman and chief executive officer of Integrated Financial Engineering, which performed the FY 2012 actuarial audit of the fund. The letter is...