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FHA Is Back in the Black

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The Federal Housing Administration revealed on Monday that it is back in the black.

“FHA has taken several prudent actions to improve the fiscal health of the fund, and those actions have led to the stronger position that we’re in today,” Julian Castro, U.S. Secretary of Housing and Urban Development told reporters.

Just two years ago, in 2012, the FHA’s insurance fund had been more than $16 billion in the negative.

Image via flickr/Robert Huffstutter

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