Relevant:
- Study Shows a Pattern of Risky Loans by F.H.A.
- FHA Sets New Premium Structure for 15- and 30-Year Loans to Boost Capital Reserves
- MM PODCAST: From Fannie Mae to FHA – Edward Pinto Wants Government Out of Housing Finance - ...
- The incoming bailouts for the government mortgage complex and student debt markets -- 15 percent of FHA insured loans are 30+ days delinquent
- Mortgage Insurer Is One Recession Away From Bailout, Critic Says
2012-11-16 — nytimes.com
``This year, the F.H.A. has tried to improve its financial position by raising the premiums that it levies on loans and increasing its volume significantly. But those efforts may have been negated by rising loan losses, even on mortgages that it insured long after the credit crisis took hold.
More than one in six F.H.A. loans are delinquent 30 days or more, according to Edward Pinto, a resident fellow at the American Enterprise Institute who specializes in housing. Delinquencies increased by 166,000 from June 30, 2011, to September 2012, he said, a 12 percent increase. Loans insured by the F.H.A. often allow very small down payments of 3.5 percent of the purchase price. ''
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