Rising FHA default rates! More foreclosures!
Wednesday, February 3, 2010
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Interesting article By Dina ElBoghdady and Dan Keating ! From the Washington Post this is a must read if you think that the housing market has recovered. Did you know that About 9.1 percent of about FHA borrowers had missed at least three payments as of December, up from 6.5 percent a year ago, the agency’s figures show. http://www.washingtonpost.com/wp-dyn/content/article/2010/02/01/AR2010020103527.html. When will the foreclosures End?
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