WASHINGTON — When the Federal Housing Administration unexpectedly delayed the release of a highly anticipated audit of its capital reserves last week, the industry initially feared the government mortgage insurance fund was now in the red, or close.

After a few days of mulling over the news of the audit delay, mortgage bankers now have an additional worry — that the FHA will move to increase the mortgage insurance premium that the government charges borrowers, increasing closing costs for millions of potential borrowers.

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