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11/21/2009From the BiggerPockets Blog: What Does Buying a Home “As is” Really Mean??

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7 votes

The Next Big Bailout FHA Facing Cataclysmic Default Rates

Rjw_comment_thumb Posted By: Richard Warren, about 1 month ago (Report Spam)
Category: Mortgage & Lending / Type: News
Source: finance.yahoo.com

Tilson is worried about the potential need for a bailout of the Federal Housing Administration (FHA), which has guaranteed about 25% of all new U.S. mortgages written in 2009, up from just 2% in 2005


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At 01:23AM on October 14, 2009 - Will Barnard said...
I think that number will dramatically decline due to the fact that housing prices have stabalized in so many areas and should not go too much further down, thus reducing the chances of foreclosures. Having equity solves that problem.
Jk_and_iron_mam_comment_thumb
At 05:29PM on October 13, 2009 - Jon Klaus said...
Currently 32% of FHA mortgages originated in 2007 are in default or on their way. Many more HUD foreclosures coming.

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