An FHA Bailout?

On November 15th the WSJ runs the story titled “FHA Nears Need for Taxpayer Funds”. Here we go again, another bank to bail out. The story
outlines serious financial problems facing the Federal Housing Administration (FHA) and it could exhaust its reserve. One of the problems cited for the reduced reserves is the rising mortgage  deliquencies. Interestingly enough, after the housing and lending