Washington policy makers are worrying that another government mortgage giant, the Federal Housing Administration, could be the next to need Federal backing. F.H.A. commissioner, David H. Stevens acknowledged that
some 20 percent of F.H.A. loans insured last year Ã¢â‚¬â€ and as many as 24 percent of those from 2007 Ã¢â‚¬â€ faced serious problems including foreclosure, offering a preview of a forthcoming audit of the agencyÃ¢â‚¬â„¢s finances.
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