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Featured News, Investing, US Real Estate

AEI Study Shows How FHA Financing Is Destroying Thousands Of Neighborhoods

By Donna S. Robinson | December 24, 2012
According to American Enterprise Institute Fellow, Edward Pinto, the FHA mortgage insurance program is helping to destroy the neighborhoods that FHA is most heavily involved in. A detailed study of FHA lending practices and default rates shows that lower income borrowers and home owners with FHA loans are much more likely to default on their loans.
Real Estate, US Real Estate

FHA Delinquencies Surge To Record Levels In 3rd Quarter 2012

By Donna S. Robinson | October 26, 2012
For the first 20 years of it's existence the Federal Housing Administration, created in 1934, enjoyed a delinquency rate of 0.2%. As of September 2012, the delinquency rate has surged to a record 17.3%. Compare that to less than 2% for privately insured mortgage company, MGIC.
US Real Estate

US Foreclosure Picture Worsens in August

By Al Twitty | September 13, 2012
Confusing signals, that's what conflicting reports of a real estate market gaining momentum and one headed back into the doldrums are good for. According to RealtyTrac's August forecolusure report, defaults in the US are on the rise again.
Mortgage, Real Estate, Real Estate Investing, Residential, US Real Estate

Do Rising Interest Rates In Spain Offer Early Preview Of U.S. Future?

By Donna S. Robinson | June 13, 2012
When it comes to the housing market, housing prices, and money for real estate, few things can impact U.S. housing like rising interest rates would. In fact, were it not for the already extreme efforts of the Federal Reserve, interest rates for mortgages in the U.S. would probably be above 6% already.
Mortgage, Real Estate, Real Estate Investing, Residential, US Real Estate

AEI - How Government Policies Brought Down The Housing Market

By Donna S. Robinson | April 30, 2012
Since 2006, housing prices have fallen 30 to 40 percent in most areas; millions now owe more on their mortgages than their houses are worth, and millions more have only slivers of equity. The average homeowner today has 7 percent equity in his or her home, versus 45 percent as recently as 1990.
Featured News, Mortgage, Real Estate, Residential, US Real Estate

Diary Of A (Stressed Out) Wells Fargo Borrower In Default

By Donna S. Robinson | April 20, 2012
I've been working with a family member to help them avoid a foreclosure on their home. This person has owned their home since 2000, and had never been late with a mortgage payment until after the market collapse ended up forcing his employer out of business.
Mortgage, Real Estate, Residential, US Real Estate

American Enterprise Institute Says NAR Is Ignoring FHA Insolvency

By Donna S. Robinson | March 16, 2012
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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