The Federal Housing Administration will report Monday that its reserves met the minimum threshold required by law for the first time since 2009, a turnaround for an agency that just two years ago required a taxpayer bailout, the Wall Street Journal reported today. The rapid improvement is likely to prompt calls for the FHA to do more to bring first-time home buyers back into the market. An annual audit, performed by an independent actuary, said that the FHA insurance fund’s net worth at the end of September was $23.8 billion, up from $4.8 billion in September 2014. Read more.
