In real estate it seems perception is everything. As people claim the market is turning around, major real estate agencies (Frannie Mae, FreddieMac, and FHA are in trouble. I read an interesting article about the Federal Housing Authority and its loans. It seems 1 out of every 8 FHA loans are 60 days are past due. FHA loans that are considered serious delinquent( past due more than 90 days in foreclosure or bankrupcty) are up to 9.6% of all FHA insured loans. Basically, if the FHA was held to the standards of regular banks would be considered in insolvent.
It see the article-http://problembanklist.com/congress-moves-to-prevent-fha-collapse-with-fha-emergency-solvency-act-0480/
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