THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING

FHA runs low on cash, fueling bailout concerns

Fears hit if prices slip; But audit sure of solvency

“It is absolutely critical that going forward, we build that cushion back up,’’ Housing Secretary Shaun Donovan said. “It is absolutely critical that going forward, we build that cushion back up,’’ Housing Secretary Shaun Donovan said.
By Joseph Williams
Globe Staff / November 13, 2009

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The Federal Housing Administration, which propped up the collapsing housing market last year, acknowledged yesterday that it has drained its cash reserves to dangerously low levels, heightening concerns that it might need a taxpayer bailout. (Full article: 792 words)

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