Wednesday, September 9, 2009
The federal Housing Administration (FHA) has taken a step forward to provide mortgage guarantee for riskier buyers after the mortgage market crashed. With many defaulters, FHA's losses have increased, which means, its reserves will fall below 2 percent. If that happens, tax payers may have to bail out FHA.
The top 10 states with the most FHA insured mortgages are: Texas, California, Florida, Georgia, Ohio, Illinois, Pennsylvania, Michigan, Virginia and North Carolina.
The top 10 states with the most FHA insured mortgages are: Texas, California, Florida, Georgia, Ohio, Illinois, Pennsylvania, Michigan, Virginia and North Carolina.



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