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Federal Housing Agency could need bailout
According to the FHA’s latest monthly outlook report, there is a jump in serious deliquencies for loans insured by the FHA, from 8.4% in August to 9.3% in November. However the FHA already has depleted cash reserves from dealing high … Continue reading
FHA extends waiver of anti-flipping regulations for 2012
In order to try and help stabilize and unload some foreclosures that flood low-income housing markets, the Federal Housing Administration extended the waiver of anti-flipping regulations for 2012. Flipping is a term referring to real estate investors who buy homes … Continue reading