| Nov 20, 2012 1:48PM HUD's report on FHA's finances to Congress was a mere 64 pages. Here's the top (or bottom!) 10 summary for those who lack the time or motivation to peruse the entire report: FHA is losing money hand over fist. Despite increasing loan quality and mortgage insurance rates, FHA lost over 283745.5 billion in 2012 to date. HUD's accountants had an overly rosy view of housing . Last year they projected housing values would rise 11.5% by 2014. This year's revised estimate is 4.8% appreciation by 2014, hardly... Nov 20, 2012 5:17PM At a press conference Tuesday afternoon New York State Attorney General Eric T. Schneiderman announced he had filed a second complaint against a financial institution since the creation of the federal Residential Mortgage-Backed Securities Working Group . The complaint was filed against Credit Suisse Securities (USA) LLC and its affiliates for making fraudulent misrepresentations and omissions to promote the sale of residential mortgage-backed securities (RMBS) to investors. According to the...
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