Washington, D.C. –(ENEWSPF)–November 16, 2012. Today the Federal Housing Administration, a government-run mortgage insurer, released its fiscal year 2012 actuarial review and financial report to Congress. The actuarial review predicts a negative ”economic value” for the Federal Housing Administration’s insurance fund, meaning the agency does not have enough money to cover all expected insurance claims over the next 30 years. This could require the agency to seek support from the U.S. Treasury for the first time in its 78-year history.
