FHA's worst-case losses projected at $115B over three decades.

 The Federal Housing Administration's projected losses over 30 years in a worst-case economic scenario could jump to as much as $115B, according a Fed.-style stress test that was carried out last year but not disclosed. That's well above an estimate of $65.4B for a "protracted" economic "slump," a scenario the FHA cited in its annual report. Under current conditions, the FHA said its losses would exceed its reserves by $13.5B over three decades.