NEW YORK (CNNMoney) — Concerns are growing that the Federal Housing Administration will need to be bailed out by taxpayers.

The agency’s latest monthly outlook report revealed a spike in serious delinquencies for FHA-insured loans, posing a further threat to the agency’s already depleted cash reserves.

According to the report, the percentage of loans in the FHA’s portfolio with three missed payments or more rose to 9.3% in November, up from 8.4% in August.

“It’s highly likely that the FHA will need a taxpayer bailout over the next three to five years,” said Joseph Gyourko, a real estate professor at the University of Pennsylvania’s Wharton School and author of a report entitled “Is FHA the Next Big Housing Bailout?.”

The bank bailout — part of the Troubled Asset Relief Program — is now $6 billion in the black, a profit that might ultimately rise to $20 billion, according to the Treasury.

And that’s nice. But if you look at the whole program, there are still some trouble spots, and not everyone is happy.

No need to get your eyes checked. AIG just reported a huge profit.

In a sight many of us never thought we’d see, the bailed-out insurer AIG (AIG) returned to the black Thursday, posting an $11 billion profit for the fourth quarter of 2010 and $10 billion in earnings for the full year.

NEW YORK — The U.S. government and AIG, the giant insurer rescued with $182 billion at the depths of the 2008 financial meltdown, announced a plan Friday to end taxpayer involvement in the company over the next two years.

American International Group Inc. paid its $21 billion outstanding balance to the New York branch of the Federal Reserve on Friday and converted preferred stock owned by the Treasury Department into more than 1.6 billion shares of common stock that can be sold on the open market.

The common stock gives the government a 92 percent ownership stake. The Treasury Department is expected to start selling its shares in March.

NEW YORK (CNNMoney) — Perhaps more iconic U.S. companies should consider government-sponsored bankruptcies.

Shares of General Motors (GM) are up about 15% since the new GM went public in mid-November. By way of comparison, the S&P 500 and top rival Ford Motor (F, Fortune 500) are both up about 8%.

HAMTRAMCK, Mich. — General Motors and Chrysler, two companies that nearly died last year before getting government bailouts, showed further signs of recovery Tuesday as each announced plans to hire 1,000 engineers and researchers.

GM’s hiring will begin immediately and run through the next two years as it adds staff to work on the next generation of electric vehicles. Chrysler said it will hire during the next four months to help handle global growth as well as expansion of its small and midsize vehicle lineup.

WASHINGTON (CNNMoney.com) — While bailed-out Wall Street is back on its feet and making profits, Main Street banks have gotten little to no boost from taxpayer bailouts, a watchdog panel said Wednesday.

The Troubled Asset Relief Program’s help has made little difference for small banks, according to the latest report by the Congressional Oversight Panel. The panel also warned that taxpayers could remain on the hook for small bank bailouts for years to come.

NEW YORK (CNNMoney.com) — The federal government could have pressed the private sector to help rescue AIG when the company was on the verge of collapse in September 2008, a government watchdog has found. Instead, it let Wall Street off easy.

The government’s $182 billion bailout of the global insurer has left taxpayers holding the bag, while ensuring that all of AIG’s creditors and business partners are paid in full, said a Congressional Oversight Panel report released Thursday.

WASHINGTON (CNNMoney.com) — The Senate on Thursday passed the most sweeping regulatory overhaul of the financial system since the New Deal.

The bill, which passed 59-39, imposes more oversight and stronger capital cushions for the largest banks and Wall Street firms, while aiming to stop bailouts, shine a light on complex financial products and strengthen consumer protection.

NEW YORK (CNNMoney.com) — What the heck happened to the FHA’s loans in Florida?

The state dominates the list of troubled metro areas for Federal Housing Administration-insured mortgages. In fact, 16 of the top 25 locales with the highest default rates are in Florida, as of December, with tiny Punta Gorda on the Gulf Coast leading at 22.7%.

Among the banks that rule Wall Street, Citigroup got a bailout that was bigger than the rest. Now the company is about to pay a king’s ransom for its federal rescue.

The Obama administration is making final preparations to sell its stake in the New York bank, according to industry and federal sources.

WASHINGTON – Companies that hire unemployed workers will get a temporary payroll tax holiday under a bill that easily won congressional approval Wednesday in what Democrats hope is just the first of several election-year measures aimed at boosting hiring.

The 68-29 bipartisan vote in the Senate sent the legislation to the White House, where President Barack Obama was expected to sign it into law Thursday. Eleven Republicans voted for the legislation, an impressive tally considering the politically charged atmosphere on Capitol Hill.