http://www.mortgagenewsdaily.com/channels/community/283745.aspxHUD'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 mortgageenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/channels/community/283745.aspx#284925Thu, 29 Nov 2012 17:56:04 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:284925josh darrimonI couldn&#39;t agree more with the synopsis. HUD is going to push the stronger borrowers into conventional programs and leave HUD with the riskier and riskiest borrowers. I&#39;m not quite sure what they are thinking. The proper thing to do would be to tighten credit underwriting to reduce the acceptance of those high risk borrowers and welcome with open arms the strong borrowers. Classic government thinking at work it seems.<div style="clear:both;"></div>http://www.mortgagenewsdaily.com/channels/community/283745.aspx#284087Thu, 22 Nov 2012 03:06:07 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:284087Jana Holmstrup&quot;FHA is losing money hand over fist&quot; - No, they are projected to lose money. When do we ever get to look at real numbers? Last year&#39;s study was overly optomistic &quot;wrong&quot;, throw it out. This year is overly pessimistic &quot;wrong&quot;, throw it out. Their biggest mistake was reducing UFMIP back in 2010 - they reduced their current income when they needed it most to pay all the claims. I hope they figure it out before they ruin the program..<div style="clear:both;"></div>