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FHA financial reserves getting thin

Nov. 12, 2009
The Federal Housing Administration's financial cushion has fallen to a dangerously low level, but government officials maintain the agency should avoid a taxpayer bailout under "most economic scenarios." The agency, a major source of funds for first-time...
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WASHINGTON, Sept. 18 (UPI) -- Federal Housing Administration Commissioner David Stevens said an independent audit will show FHA reserves have dropped below their mandated limit.
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President Obama awards the Presidential Medal of Freedom in Washington
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President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch