Comments on: FHA Defaults Surpass 9% – Impending Doom or Just Predictable?

By: Richard M. Johnston

Richard M. Johnston — Thu, 11 Feb 2010 12:49:11 +0000

FHA Defaults Surpass 9% – Impending Doom or Just Predictable? http://goo.gl/6TXy

By: Michael

Michael — Thu, 11 Feb 2010 02:11:42 +0000

RT @RealtyInfusion: VERY informative conversation on FHA rates and changes on @AgentGenius http://bit.ly/9i2Ae8 (always quality)

By: Realty Infusion

Realty Infusion — Thu, 11 Feb 2010 01:52:22 +0000

VERY informative conversation on FHA rates and changes on @AgentGenius http://bit.ly/9i2Ae8 (always quality)

By: AgentGenius

AgentGenius — Wed, 10 Feb 2010 22:09:15 +0000

#agnow Lani, my vote is predictable. FHA loans have become a bigger part of the market since this thing started to ... http://bit.ly/dgdqYr

By: AgentGenius

AgentGenius — Wed, 10 Feb 2010 20:24:12 +0000

#agnow No, but that's a truly great point. Given that piece of the puzzle (you and I talk on the phone about the b... http://bit.ly/dgdqYr

By: AgentGenius

AgentGenius — Wed, 10 Feb 2010 20:20:30 +0000

#agnow Lani -- The numbers in the last paragraph got me to wondering. 3.12% of 'all' homes were in the foreclosure ... http://bit.ly/dgdqYr

By: Collier Swecker

Collier Swecker — Wed, 10 Feb 2010 18:30:00 +0000

FHA Defaults Surpass 9% – Impending Doom or Just Predictable? http://tinyurl.com/ydnq8oq

By: Greg Cook

Greg Cook — Wed, 10 Feb 2010 17:09:08 +0000

Lani, my vote is predictable. FHA loans have become a bigger part of the market since this thing started to implode in 2007. Here in California most lenders and Realtors didn’t know how to spell F-H-A before then.
Historically FHA loans have been the loan of choice for first time home buyers and as result when the economy turns sour, they tend to be the first affected with layoffs and downsizing.
The unemployment rate is pushing 15% in SoCal and the underemployment rate is estimated closer to 25%. When people start going back to work, the delinquency rate will go down.

By: AgentGenius

AgentGenius — Wed, 10 Feb 2010 16:37:00 +0000

#agnow It seems to me the modifications to the FHA product (higher MIP, lower Seller contributions, higher d/p for ... http://bit.ly/dgdqYr

By: BawldGuy

BawldGuy — Wed, 10 Feb 2010 15:27:32 +0000

Much prefer that answer. The alternative would’ve meant that both percentages would’ve been significantly scarier. Thanks