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 …
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Housing: Yes, That Was (And Is) A Train Wreck – The Market Ticker
It is very easy to find people who can spend money very easily and also quickly. At the same time it is very difficult to spot those who can save money.