Saturday, September 04, 2010
Rising FHA default rate foreshadows a crush of foreclosures
The share of borrowers who are falling seriously behind on loans backed by the Federal Housing Administration jumped by more than a third in the past year, foreshadowing a crush of foreclosures that could further buffet an agency vital to the housing market’s recovery.
Read the whole story here: Rising FHA default rate foreshadows a crush of foreclosures
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