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2012-02-14 — washingtonpost.com
Shaun Donovan, secretary of Housing and Urban Development, said in a conference call with reporters Monday that the financial firms involved in the settlement agreed to provide up to $1 billion to shore up the capital reserve fund of the FHA, which provides mortgage insurance on loans made by approved lenders throughout the country. That will last, what, 6 months? Way to go FHA. No, we reckon you will continue to be dogged by your failure to stop SFDPA and other forms of poor/fraudulent underwriting for quite some time yet... source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |