Mortgage finance growth makes FHA "high-risk," GAO says

02/15/2013 | Housing Wire

The Federal Housing Administration is among several government sectors dubbed "high-risk" in a GAO report, as a result of rapid growth in mortgage finance. The report mentioned Fannie Mae and Freddie Mac's dominance of the mortgage industry, as well as the FHA's single-family loan insurance portfolio, which was at $1.1 trillion as of 2012, up from $300 billion from five years earlier.

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