Relevant:
- FHA New Foreclosures Jump as Modified Loans Default
- FHA loans soar in popularity as market crisis worsens
- Experts say America needs to fix 'underwater' home loans
- Lower FHA loan limits could hurt housing recovery
- All praise to the new subprime -- 1 out of 6 FHA insured loans is now delinquent. Offering 30x leverage with FHA loans.
2012-04-23 — indystar.com
Mortgages insured by the Federal Housing Administration -- often called "FHA loans" -- have long been an option for home buyers who don't have a lot of cash for a down payment or whose credit is less than optimal.
For that reason, FHA loans became vastly more popular after the implosion of the subprime mortgage market.
But now these loans are getting more expensive, meaning buyers who get FHA-insured mortgages have less purchasing power when they go house shopping, according to local mortgage professionals.
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