Can FHA Financing Prevent A Mortgage Tsunami?
June 7th, 2007
Related FHA Stories
- FHA Walks a Thin Line
- HUD Dumps Limits On FHA Origination Fees
- Foreclosure Prevention Efforts Slow
- FHA Mortgage Audit Report Postponed — What’s Up?
- It’s The Media’s Fault…
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Speaking on public radio’s Marketplace, David Berenbaum with the National Community Reinvestment Coalition, came out in favor of FHA reform efforts.
Berenbaum told Marketplace that “we do believe there is a place for the FHA to repackage loans or to refinance loans to we don’t have a mortgage tsunami across the country.”
Correspondent Steve Henn in the same broadcast said that “already this year more than half a million people have lost homes. And if you have an adjustable rate mortgage, you could feel the pinch soon.”
That’s great. I’m wondering when someone will want to discuss how this great financial storm was seeded and by whom. Now that would be riveting radio.
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