Relevant:
- F.H.A. Audit Is Said to Show a Shortfall in Reserves
- Study concludes FHA lending practices in Baltimore area could lead to high foreclosure rates
- MM PODCAST: From Fannie Mae to FHA – Edward Pinto Wants Government Out of Housing Finance - ...
- Mortgage Insurer Is One Recession Away From Bailout, Critic Says
- FHA Is The New Countrywide?
2012-12-14 — nytimes.com
``The new study of the potential risks in recent F.H.A.-insured loans is illuminating because it provides a level of detail, including where government-backed loans are, that is usually missing from agency analyses. In addition, the report's loss estimates are somewhat surprising given that the loans it examined were made after the mortgage crisis became evident.
The loan analysis was conducted by Edward Pinto, a resident fellow at the American Enterprise Institute, a conservative organization. But its findings were based entirely on foreclosure estimates made by the F.H.A.'s auditor as well as detailed individual loan data like ZIP codes and borrower credit scores. ''
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