According to the Kiplinger Letter published on October 9th. More foreclosures spell woe for FHA, despite agency officials' insistance that a taxpayer funded bailout isn't in the cards...the insurance fund will likely need an infusion of cash to cover the losses when loans, they have insured, go into default. FHA wil be forced to tighten loan requirements and charge borrowers more.
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Ron Erdmann, CMPSRon has been a mortgage banker for over 27 years, managing offices in cities throughout Ohio, Michigan, and Indiana. He has consistently originated in excess of $40 million per year in new mortgage loans, which puts him among the top producers in the nation. Archives
February 2011
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