By Peter Schroeder - 08/21/13 01:19 PM EDT
She asked the Justice Department to explain how it reached the $225 million figure.
Warren went on to argue that if a more aggressive settlement was reached, the FHA might be in a healthier fiscal position. The FHA announced at the end of 2012 that it was facing a potentially billions of dollars in a shortfall, as its portfolio took heavy losses due to delinquent and defaulting mortgages.
The Senate Banking Committee, of which Warren is a member, has already passed legislation to shore up the FHA's finances, and Warren added that more information on the settlement could help guide the process as lawmakers continue to work on legislation when Congress returns in September.