Category Archives: fha

I Expect The FHA To Stop Issuing Insurance Refunds

The FHA is the Federal Housing Administration. The FHA keeps reducing its insurance refund period. It was seven years. Now it is three years. The FHA’s mortgage insurance fund reserves are far below what the U.S. Congress has mandated. By … Continue reading

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Underwater Borrowers

About one in four borrowers are underwater on their homes. They owe more than their house is worth. Politicians can’t leave the free market alone to sort things out. They have to get in there and intervene. They have to … Continue reading

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Thousands Of Condos Lose FHA Funding Eligibility

When government doles out the benefits, there are always more demand for the goodies than the government can supply. So the government always demands excessive paperwork and makes people wait for its services. That’s why the lines at the post … Continue reading

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F.H.A. Changes Rules Again

The Federal Housing Administration has taken a massive hit over the past five years from its mortgage insurance. They’ve insured way too many mortgages at way too low rates. So who makes up the difference? Who pays for these losses? … Continue reading

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The F.H.A. Tightens Standards For Mortgage Insurance

Despite massive government subsidies, the government can’t abolish the consequences of a free market. Mortgage insurance has become increasingly difficult to get during the housing crash. The major issuers of mortgage insurance have either gone out of business or substantially … Continue reading

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FHA Going Broke

I expect they’ll ask for a massive government bailout. Politicians will keep using the FHA to subsidize homeowners risky decisions to buy more home than they can afford. I expect the FHA will keep guaranteeing mortgages with low down payments. … Continue reading

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FHA Needs A Bailout

It has guaranteed thousands of defaulted home loans. Big surprise. It now needs a bailout. The government stepped in to insure home loans that free market lenders did not want to guarantee. The result? The government, meaning us the taxpayers, … Continue reading

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About 25% Of FHA Loans From Past 2yrs In Trouble

Here’s some scary testimony to Congress, that 20 percent of F.H.A. loans insured last year — and as many as 24 percent of those from 2007 — faced serious problems, including foreclosure, offering a preview of a forthcoming audit of … Continue reading

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Federal Housing Administration Smash By Mortgage Crisis

The FHA’s cash reserves have fallen — for the first time ever — below the minimal levels set by Congress. About 25% of home loans in the US are guaranteed by the FHA. These reserves are to enable the FHA … Continue reading

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How Best To Employ The Federal Housing Administration

President Obama, our nation turns its lonely eyes to you. It’s like he’s the second coming of Franklin Delano Roosevelt. High on the agenda is shoring up America’s banks. The two biggest — City and Bank of America — are … Continue reading

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