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Archive Home > 2008 > June > 10 > FHA expects big loss from soaring defaults

FHA expects big loss from soaring defaults


June 10, 2008

WASHINGTON — The Federal Housing Administration expects to lose $4.6 billion because of unexpectedly high default rates on home loans, officials said Monday. Brian D. Montgomery, the FHA commissioner, attributed the unanticipated losses primarily to the agency’s....

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