Federal Housing Administration Oversight
Carol Galante testified on the financial health of the Federal Housing Administration (FHA). She expressed confidence in the agency despite … read more
Carol Galante testified on the financial health of the Federal Housing Administration (FHA). She expressed confidence in the agency despite a 2012 report that showed a projected deficit in its mortgage insurance fund. She said even if the FHA needed to borrow money from the Treasury Department, the funds would only be used to shore up the agency’s reserve fund. close
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