The Next Big Bailout FHA Facing Cataclysmic Default Rates

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9 votes

Posted By: Richard Warren, over 2 years 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 06:23PM on October 13, 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.

At 10:29AM 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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The Next Big Bailout FHA Facing Cataclysmic Default Rates

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