Mortgage makers are reimbursing Fannie Mae and Freddie Mac for poorly underwritten loans, but the Federal Housing Administration has not disclosed much about any reimbursements it has received. The situation makes it impossible to know whether the FHA is making mortgage makers cover the costs of troubled loans. The FHA said it is looking over its past loans, but won't disclose underwriting breaches. Taxpayers deserve to know whether they are being stuck with the bill, according to Peter Eavis of The Wall Street Journal.
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