patrick.net
An Antidote to Corporate Media
1,357,650 comments by 15,734 users - goofus, Misc online now
Comments 1 - 2 of 2 Search these comments
1
FuckTheMainstreamMedia
2012 Jan 3, 1:44pm
FuckTheMainstreamMedia
2012 Jan 3, 1:44pm
Oh but according to numerous real estate agents, one ought not consider that shadow inventory cause, well ya know, it make take a while for the banks to foreclose :/
2
thomas.wong1986
2012 Jan 3, 9:57pm
According to the report, the percentage of loans in the FHA's portfolio with three missed payments or more rose to 9.3% in November, up from 8.4% in August.
Just the on going correction in home prices.. nothing new.
"The agency's latest monthly outlook report revealed a spike in serious delinquencies for FHA-insured loans, posing a further threat to the agency's already depleted cash reserves.
According to the report, the percentage of loans in the FHA's portfolio with three missed payments or more rose to 9.3% in November, up from 8.4% in August. It's highly likely that the FHA will need a taxpayer bailout over the next three to five years."
http://money.cnn.com/2011/12/30/real_estate/federal_housing_bailout/index.htm
#housing