Attention FHA Appraisers: DSNews.com – FHA Could Need a $54 Billion Bailout by Next Year….as in 2010

http://www.realestateappraisertips.info/ – FHA Could Need a $54 Billion Bailout by Next Year

DSNews.com is reporting FHA Could Need a $54 Billion Bailout by Next Year. Here’s the link and snippet:

“The Federal Housing Administration, the government’s premier home-mortgage insurer, “appears destined for a taxpayer bailout” because of losses that could outpace their reserves by up to $54 billion, according to an ex-Fannie Mae executive.”

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