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FHA Loans Defaulting at Frantic Pace

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  • FHA Loans Defaulting at Frantic Pace

    1 in 4 in 2007 vintage and 1 in 5 in 2008 vintage already "in trouble"

    http://www.fundmymutualfund.com/2009...oncern-of.html

    Those who do not learn from history... :eek:

  • #2
    Re: FHA Loans Defaulting at Frantic Pace

    Quotes of the century:

    “I knew in my heart I could not really afford the house, but they gave it to me anyway,” said Mr. Fullenkamp, 22.
    “I thought, ‘Wow, I’m surprised I pulled that off.’ ”
    It's Economics vs Thermodynamics. Thermodynamics wins.

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    • #3
      Re: FHA Loans Defaulting at Frantic Pace

      classic stuff.

      scary stuff.

      but oh so representative of what we've become.

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