FHA Net Worth Falls To -$23.23 BILLION As Delinquencies Rise

The latest analysis by Edward J. Pinto, A Resident Fellow at the American Enterprise Institute, indicates that FHA continues to fall deeper and deeper into the “red” as a result of an increase in 30 day and 60 day delinquencies.

American Enterprise Institute – Why The Next Housing Crisis Is Already Underway

Like a cancerous tumor that just won’t go away, another housing crisis is growing ever larger. It’s a debt tumor, fed by the blood that flows in the form of government insured mortgages which are in essence nothing more than taxpayer backed guarantees for Fannie, Freddie, USDA, and FHA, to name a few.

American Enterprise Institute Says NAR Is Ignoring FHA Insolvency

Created by congress during the great depression to help spur the housing market, FHA has become one of the most important institutions ever created to help fund mortgages for home buyers, especially for home buyers who want a home but have very little money to put down.

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