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Author: 2828 Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 756610  
Subject: Re: CRA clearly did lead to risky lending Date: 12/13/2012 8:41 AM
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In unrelated news:

FHA slammed for risk-taking that could lead to $20B in losses. The Federal Housing Administration's insurance of mortgages in 2009-10 - after the sub-prime blowout - was too risky and could generate losses of $20B, an analysis of 2.4M FHA-insured loans shows. The study, by Edward Pinto of the conservative American Enterprise Institute, follows the recent FHA annual report, which showed projected losses of $16.3B, increasing the likelihood of a bailout of the agency.
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