Deja VU, another bailout in the future. 3.5% down payments? WTF
FHA's mortgage delinquencies soar
"Increasingly, FHA-insured loans are falling into foreclosure or serious delinquency, moving in the opposite direction of loans guaranteed by Fannie Mae and Freddie Mac or those held by banks, which are all showing signs of improvement.
And taxpayers could ultimately be on the hook for FHA's growing number of troubled mortgages. "
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
With 14% real unemployment that has been the same for the longest time since 1948, I still think a lot of the housing is overpriced in these days of stagnant wages and low interest rates for savers. We need another real estate correction down.
Thomas Sowell: There are no solutions, just trade-offs.
Only the taxpayers now own the CDOs and swaps! Cool!
Housing relative to rent is cheap in many areas. $100-120K median prices in the mid west and Florida.
Aren't we the lucky ones.
It keeps piling on the taxpayer.
bumper sticker - honk if you will pay my mortgage
"The problem with Socialism is that eventually you run out of other people's money." attributed to Margaret Thatcher
"A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned - this is the sum of good government." Thomas Jefferson
