Billions of dollars of delinquent Federal Housing Administration-insured loans held on bank balance sheets are looking more and more like shadow nonperformers, and mortgage experts warn that banks are unlikely to be fully reimbursed for losses.

Though the largest banks said in their first-quarter results that they will eventually be reimbursed for all losses on FHA-insured loans, they will have to eat some of those losses if they violate servicing standards, the experts said.

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