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Federal Housing agency could run out of reserves
If rising mortgage delinquencies cause the Federal Housing Administration to exhaust its reserves, the agency could be forced to draw on taxpayer funding for the first time in its 78-year history, the Wall Street Journal reported Wednesday.
According to people familiar with the agency's finances, the FHA is expected to make such a report this week, the Journal reported.
IN FOCUS TODAY
Friday, May 17, 2013 - 4:41am
More than 17,000 Baltimore students miss 20 or more days of school a year. Many of these...
Friday, May 17, 2013 - 4:37am
WYPR's Fraser Smith and Karen Hosler talk about changes to the horse racing industry in Maryland...
Thursday, May 16, 2013 - 7:00am
Attorney General Doug Gansler may run for governor in 2014, but he's moving toward a decision...