FHA to Draw $1.7b From Treasury to Cover Losses – ABC News
Wall Street Journal |
FHA to Draw $ 1.7b From Treasury to Cover Losses
ABC News A federal housing agency said Friday it needs a $ 1.7 billion bailout from the Treasury to cover projected losses in a mortgage programs for seniors. At issue are reverse mortgage programs, which allow seniors to borrow against their homes for everyday living … UPDATE 1-US Federal Housing Administration to tap $ 1.7 bln in taxpayer funds FHA to Tap Treasury for First Time in History FHA needs $ 1.7 billion taxpayer subsidy |
