Relevant:
- U.S. housing regulator targets more support for poor borrowers
- The incoming bailouts for the government mortgage complex and student debt markets -- 15 percent of FHA insured loans are 30+ days delinquent
- mortgages backed by fannie/freddie far superior to private label
- OCC: Mortgage Performance Best Since 2008
- Freddie Mac Portfolio Shrinks, Delinquencies Rise
2010-09-14 — bloomberg.com
"Mortgages in the pools also were more likely to exceed 80 percent a property’s value, which “contributed to the unusually poor performance of loans,†the FHFA said. About 10 percent of the loans were more than 90 days delinquent by the end of 2009 compared with 5 percent of guaranteed mortgages, it said."
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