FHA’s Capital Reserves Fall as Agency Prepares for Higher Claims

By: Carrie Bay The Federal Housing Administration (FHA) has just $3.5 billion in its ‘capital reserve account,’ according to the agency’s quarterly report submitted to Congress this week. That’s lower than the $3.6 billion reserve balance last November when FHA informed officials that its cash cushion had fallen below the lawfully permitted threshold. The decline … Continue reading FHA’s Capital Reserves Fall as Agency Prepares for Higher Claims