Reaching critical mass

It's probable that half of all the low-FICO score and high-loan-to-value loans that were backed by the Federal Housing Administration during the peak of the housing bubble will default.

More than one out of every four loans insured by FHA in 2007 will result in an insurance claim. And that's on top of the $10 billion [...]

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Source: http://feedproxy.google.com/~r/housingwire/uOVI/~3/uv5jZHNulhM/reaching-critical-mass

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