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Federal Housing Administration Struggles as Defaults Rise

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SOON, WE'LL ALL BE ON THREE'S COMPANY
"The Federal Housing Administration used to be a little-known government agency before the housing meltdown. But when Fannie Mae and Freddie Mac collapsed, the FHA started backing more and more loans to homeowners," according to The Takeaway. "Now, a growing number of borrowers are defaulting on loans backed by the FHA — and some are wondering if the FHA itself might soon need a bailout."
SOURCE:   The Takeaway

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