While former Federal Deposit Insurance Corp. chair Sheila Bair is cautiously optimistic about housing, she doused any high hopes of a robust rebound, saying a double-dip in housing is possible.

The former FDIC chair, who is now a senior adviser at Pew Charitable Trusts, made that statement during an on-camera interview with Yahoo's The Daily Ticker.

The good news is Bair says mortgage delinquencies are falling in the U.S.

Click here to read more and watch the video.