{"id":35678,"date":"2012-11-15T16:15:34","date_gmt":"2012-11-15T16:15:34","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/fha_nears_need_for_taxpayer_funds\/"},"modified":"2012-11-15T16:15:34","modified_gmt":"2012-11-15T16:15:34","slug":"fha_nears_need_for_taxpayer_funds","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=35678","title":{"rendered":"(WSJ) FHA Nears Need for Taxpayer Funds"},"content":{"rendered":"<p>The Federal Housing Administration is expected to report this week it could exhaust its reserves because of rising mortgage delinquencies, according to people familiar with the agency&#8217;s finances, a development that could result in the agency needing to draw on taxpayer funding for the first time in its 78-year history.<\/p>\n<p>Such a report would likely set off a political fight over the government&#8217;s role in housing, as it raises the prospect of billions of dollars being added to the U.S. government&#8217;s effort to stabilize the hard-hit sector in the aftermath of the 2008 financial crisis, which already includes $137 billion spent to bail out Fannie Mae and Freddie Mac. Together with Fannie and Freddie, federal agencies are backing nearly nine in 10 new mortgages.<\/p>\n<p><a href=\"http:\/\/online.wsj.com\/article\/SB10001424127887324595904578119140604024484.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Housing Administration is expected to report this week it could exhaust its reserves because of rising mortgage delinquencies, according to people familiar with the agency&#8217;s finances, a development that could result in the agency needing to draw on<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=35678\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,670,149,600,596,669,584],"tags":[],"class_list":["post-35678","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-budget","category-economy","category-housingreal-estate-market","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-national-deficit","category-the-u-s-government"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/35678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35678"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/35678\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}