WSJ: Loan Losses at FHA Spur Concern.

WSJ story is HERE.

Until fiscal year ends it seems likely that we won't know whether the capital cushion exceeds the 2% mininum required by law. Nevertheless, it does seem likely that the capital cushion has been reduced from last years level.

IF FHA does require additional capital, important to keep it $$ received in the context of the $291 Billion received in FY 2009 from the feds by Fannie and Freddie.

Originally created and posted on the Oregon Housing Blog.