Are You Ready for Real Estate Crash II?
The San Francisco Chronicle's Kenneth Harney is speculating on what the Federal Housing Authority may have to do to shore up its balance sheet. A few things should be kept in mind about such a move: 1. The FHA has been a main spigot through which the government has been propping up the real estate market (See: Real Time Madness: Watching the FHA Prop Up the Housing Market) 2. The FHA is in real bad shape. John Carney points out: The FHA has expanded from guaranteeing just 2% of mortgages to over 20% in just a couple of years, dramatically...
Original Article: Forum: News/Activism
Tags: Bad Shape, balance sheet, Estate Crash, Federal Housing Authority, Fha, housing market, John Carney, Kenneth Harney, Madness, Mortgages, Real Estate Market, Real Time, San Francisco Chronicle, Spigot, X27