Federal Mortgage Insurer Headed Toward CollapseBy Evan Mantyk
Jan. 27, 2012
British Taxpayers Financed Manchester Terror Attack: Police
Fake Black Guy Shaun King Attacks Sheriff Clarke For 'Dressing Like He's In The Military'
Body-Slammed Reporter Ben Jacobs Fantasized About Punching 16-Year-Old Conservative
NY Times Reporter Takes Local Reporter's Photo Of Gianforte Citation & Passes It Off As His Own
#GolfCartGate: Media Freak Out After Trump Rides Golf Cart Through Sicily While Others Walk
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.