FHA Loan Insurance Fund Is Back in the Black, Report Shows
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The U.S. government’s mortgage insurance fund posted its first positive balance in two years after boosting premiums and cutting losses on loans.
The Federal Housing Administration projects a value of $4.8 billion for fiscal 2014, according to an independent analysis released today. The total, which leaves the fund below it’s congressionally mandated level for a sixth straight year, will mean the FHA won’t need aid to balance its books.