“Worsening delinquency trends for home loans insured by the U.S.  Federal Housing Administration (FHA), evident on large banks’ balance sheets in the second quarter, may point to more trouble ahead for the FHA as the agency seeks to shore up its loss reserves.   This may eventually force the FHA to look for  opportunities to put back some defaulted loans to the banks, particularly if the  agency’s funding status worsens and U.S. home prices fail to rebound quickly.”

http://www.reuters.com/article/2012/08/16/idUSWNA358920120816

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy