Houses, FHA Losses And Eternal Faith in Persuasion
“More than 17 percent of all FHA loans were delinquent in September, according to data on the agency’s website.” I believe that number was 9% last quarter. Of course not all delinquencies turn into bad loans, or full-on NPL’s, but both the trend and absolute level should be alarming. The major problem, however, seems to .. read more
On November 16th, 2012,
posted in: Markets by Jeffrey P. Snider Tags: alan greenspan, federal reserve, FHA, free markets, housing, Housing bubble, monetary policy, Mortgages, QE3
September Market Report – Government to the Rescue
Note: This update is longer than usual. I feel it is important for everyone to understand how the problems facing our economy developed and what steps are being taken to correct them. The details of the latest government rescue effort are not completely available yet, so it is hard to predict the outcome, but it .. read more
On September 22nd, 2008,
posted in: Markets by Joseph Y. Calhoun Tags: Bailout, fed, federal reserve, free markets, government, housong boom, leverage, Mark to market, money markets, panic, real estate
