How will this credit crissis and bank bail out affect VA and FHA loans?

Say for someone appying for one? Meaning they don’t already have one. Thank you

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2 Responses to “How will this credit crissis and bank bail out affect VA and FHA loans?”

  1. muneepenee says:

    Last fyu months, fannee & Freedee kut bak on lones em bi & FHA take up the slak…up from 7% av morgages a yeer ago tu bout 20% now. Yu kan stil get morgage with 3% down at FHA. It hav guvt morgage inshuer insted av PMI.
    VA is for vets oenlee.

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Related results on How will this credit crissis and bank bail out affect VA and FHA loans?

  1. The big game in town now is FHA insured loans that now make up 4 to 5 loans out of every 10. And these only require 3.5% down but with the current buyer credit, many are buying with zero down. And what a shock that these are now going bad: ?NEW YORK (CNNMoney.com) ? The recent ... You will be more apt to walk. But again, this is a Wall Street subsidized con game and the majority of the prudent average Americans are getting taken for a walk on both ends of this crisis. ...

  1. The big game in town now is FHA insured loans that now make up 4 to 5 loans out of every 10. And these only require 3.5% down but with the current buyer credit, many are buying with zero down. And what a shock that these are now going bad: ?NEW YORK (CNNMoney.com) ? The recent spike in the number of delinquent Federal Housing Administration-insured loans has some people worried that taxpayers will eventually have to bail the agency out. Seriously delinquent FHA loans, ...

  1. Or to put it another way: "The taxpayer bailout of Fannie Mae and Freddie Mac will almost certainly be the most expensive of the financial crisis..." There has been at least one attempt at estimating the losses. ... On the other side of the ledger, the Bush Administration also changed the rules in April 2008 to get the FHA more involved in the mortgage industry. According to James Bianco, "The government was using the Federal Home Loan Banks as a way to bail out the ...