RealClearMarkets – Articles: February 2009 Archives – The foreclosure rate on FHA loans spiked nearly five fold during the 1950s, while the failure rate on VA mortgages doubled. By the early 1960s, FHA loans were four times more likely to default.
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News for July 2015 – ConsumerAffairs – The FHA share of total applications edged down fro 14.0% to 13.7%, the VA share fell to 10.9%t from 11.3% and the USDA share was unchanged at 0.9%. Contract interest rates
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News Related To Mortgage and Foreclosure Fraud – Apparently, the vast majority of mortgages entered during the heyday are insured by the Federal Housing Administration (FHA). So when there’s a foreclosure, and the mortgage isn’t paid, the FHA cuts a check. The bigger the judgment amount, the bigger the check. 3/15/12. American Banker Delves into Debt-Collecting Woes at Chase
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News for July 2016 – consumeraffairs.com – The adjustable-rate mortgage (ARM) share of activity fell to 4.7% of total applications, the FHA share moved to 10.1% from 9.9%, the VA share was 11.9%, and the USDA share of total applications.
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