St Louis Mortgage: FHA Mutual Mortgage Insurance Fund Low

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance News: FHA Falls Way Below Statutory Minimums | Home Mortgage and Commercial Loans | 314-334-0210 Floyd Tapia The Government Accountability Office said economic and market conditions led to declines in the Federal Housing Administration’s mutual mortgage insurance fund “to a level below the statutory minimum” of 2 percent. Testifying before the Senate Committee on Banking, Housing, and Urban Affairs, Mathew Scire, director of the GAO financial markets and community investment division said...