FHA Defaults Foreshadow A Crush Of Foreclosures
Tuesday, February 2nd, 2010
The share of borrowers who are falling seriously behind on loans backed by the Federal Housing Administration jumped by more than a third in the past year, foreshadowing a crush of foreclosures that could further buffet an agency vital to the housing market’s recovery. About 9.1 percent of FHA borrowers had missed at least three payments as of December, up from 6.5 percent a year ago, the agency’s figures show. More on Housing Crisis
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FHA Defaults Foreshadow A Crush Of Foreclosures
