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Seven key facts about the report and what you need to know about the agency's future.
Advancing Racial Equity and Justice, Building an Economy for All, Strengthening Health, Affordable Housing, Economy, FHA and Financial Regulatory Agencies, Housing, Retirement, Small Business+6 More
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The Federal Housing Administration’s actuarial report for fiscal year 2012 projects that the government-run mortgage insurer could soon require taxpayer support for the first time in its 78-year history. According to the report, the agency’s primary insurance fund has a negative “economic value” of $16.3 billion, meaning it does not have enough money to cover all expected claims over the next 30 years.
Here are seven key points to consider:
John Griffith is a Policy Analyst with the Economic Policy team at the Center for American Progress.
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Policy Analyst