It insures FHA approved mortgage lenders against losses on loans made according to its underwriting requirements. (fhaloanpros.com)
FHA has been left without premiums to cover losses on loans held beyond the period for which it collects premiums. (rismedia.com)
Banco Espirito Santo's collapse came after it unveiled losses on loans made to an assortment of companies run by its founding family. (businessinsider.com)