Housing Chief Rebuts Warning of FHA Bailout

Source: Washington Post

Washington : DC : USA | about 1 month ago

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Pinto predicted that the FHA will suffer $40 billion in losses, leaving it unable to cover its bad loans without taxpayer help. Pinto, a real estate finance consultant who served as Fannie Mae's chief credit officer from 1987 to 1989, said he testified so lawmakers would "not be able to say that no one...

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Housing Chief Rebuts Warning of FHA Bailout

News Source: Washington Post | about 1 month ago

Pinto predicted that the FHA will suffer $40 billion in losses, leaving it unable to cover its bad loans without taxpayer help. Pinto, a real estate finance consultant who served as Fannie Mae's chief credit officer from 1987 to 1989, said he...
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