kenews: KENews21
- 11/15/11 09:39 AM
Kelly Ellis Notes V11.1 Novembver 15, 2011 So, we hear today that reserves at the FHA (Federal Housing Authority) have fallen so low that there is a 50% chance that they will need some sort of tax-payer funded bailout in the next year. The low reserve number is reflective of the rising home-loan defaults amid falling home prices, which together generate greater losses on the sale of foreclosed homes. This comes at a time when the volume of FHA loans has increased during the last 4 years, as other lenders have backed out of the mortgage market. So, the FHA … (0 comments)
Kelly Ellis Notes
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