Accounting for the FHAs single-family mortgage insurance program using the current methodology spelled out in the Federal Credit Reform Act or an alternative fair value approach will yield opposing results that could mean "savings" or potentially significant losses for the government and taxpayers, according to the Congressional Budget Office. In a recent study, the CBO estimated that, using the FCRA methodology, the FHA program would produce budgetary savings of $4.4 billion in fiscal year 2012. In contrast, a fair-value approach would result in ...