The FHA and Impact on Real Estate Values
Today the FHA, the Federal Housing Administration, is a gigantic player in the residential mortgage business. The FHA guarantees mortgages against default, and allows purchases of homes with only a 3.5% down payment, and provides a rock bottom interest rate of near 5%. These lenient terms apply to virtually everyone, even those with poor credit scores and little equity in the home, which are highly correlated with default. [more...]
Date: 2009-09-19 16:13:23
Blog posts
(1)
|
Videos
(3)
1
Results