Federal Mortgage Insurer Headed Toward CollapseBy Evan Mantyk
Jan. 27, 2012
Justin's Multicultural Dream Dies: Mocked By Indians For His 'Fake' Outfits, JT Changes Back Into A Suit
'You're A Murderer!': NRA's Dana Loesch Accused Of Being A Murderer Repeatedly During CNN Town Hall
Loesch Slams Sheriff Israel For Hiding His Deputy's Inaction From Town Hall: You 'Said NOTHING'
'DIE CRACKER': Thugs Terrorize 12yo Philly Honors Student For Being White
'Dark-Skinned' Cheddar Man Was Just A Wild Guess
The Federal Housing Administration (FHA) is deeply insolvent and headed toward a financial crash like that of Freddie Mac and Fannie Mae in 2008, according to analysis from the American Enterprise Institute (AEI) released last week.
“We are watching—in not-so-slow motion—the same gradual descent into insolvency that occurred with Fannie and Freddie a little more than three years ago,” reads the outlook for FHA authored by Edward Pinto, an executive vice president and chief credit officer for Fannie Mae until the late 1980s, and Peter J. Wallison, a general counsel of the U.S. Treasury Department during the Reagan administration.