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Volume 2 - Number 24 | November 20, 2009
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FHA Fund Will Recover Losses, Audit Says

The FHA’s reserve fund sustained heavy losses this year due to deteriorating loan quality in its older vintages, but the third-party audit of the program’s financial condition said the capital levels should return to sufficient levels in a few years. Obama administration officials used the audit as support for staying the course, but some industry participants are pointing to holes in the...

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