Housing: Yes, That Was (And Is) A Train Wreck – The Market Ticker

Consider what this default ratio means given the portfolio composition, as there are only two possibilities – either the FHA is intentionally making loans that are defaulting quickly, within the first 24 months, or the older FHA loans

Go here to see the original:
Housing: Yes, That Was (And Is) A Train Wreck – The Market Ticker

Related FHA and HUD Posts

Tags: , , , , , , , , ,
Tags: , , , , ,

    Leave a Reply

    Recent Posts:

    FHA Title I
    FHA Mortgage Pro’s Mortgage Minute
    Mortgage foreclosure: should we just stop paying?
    Go FHA!!!
    FHA Mortgage Calculation Expert

    Related results on Housing: Yes, That Was (And Is) A Train Wreck – The Market Ticker

    1. That means the inflation train will keep on rolling. In spite of everyones best predictions the free money enviornment can only mean higher prices going forward. Higher prices with depreciating dollars of course. Don't be fooled, one million ain't no million anymore ! ... ?Let me be clear, strictly on the numbers: Canada is in for a housing bust worse than ours,? financial writer Karl Denninger wrote on his blog, the Market Ticker, last month. ?Beware, Canadians. ...

    1. They have stated that the housing market was and still is overinflated. They will be paying the price for others poor investments and Governments collusion to encourage home ownership, consumer spending resulting in increased personal debt. ..... The current problem is that as long as a deal is signed the bonus is paid, no matter that somewhere down the line a train wreck is coming. A bank should value staff who bring them long-term profitable business and reward ...

    1. Denninger (Market Ticker) makes the point that the five decades of economic ?growth? since 1960 are in fact a statistical anomaly. The alleged growth, as measured by GDP, derived not from production, but from borrowing. ...... Yes, the forcing functions for financial disaster continue in the housing market. It seems that the Feds anticipate inflation to restore reserves and evaporate bonded debt in real terms. It has an interesting effect of busting the Chinese. ...