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Old 11-16-2012, 06:36 PM
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Report: Federal Housing Administration May Seek Taxpayer-Funded Bailout

FHA has backed mortgages of home buyers who pay as little 3.5% down. In 1951, the average down payment on mortgages the FHA backed was 18% and, as a result, there were considerably fewer defaults. Though the FHA "is required by law to maintain reserves equal to 2% of its total loan guarantees," the agency's reserves last year stood at 0.1% of all loan guarantees.
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