Gov’t home loan agency faces cash squeeze, Could FHA be next?
Gov’t home loan agency faces cash squeeze – Yahoo! Finance.
This is never a good sign? Especially considering that in todays current market majority of loans being originated are FHA. I would say in my real estate business, this year we have had about 30 closings of which I would say 75% of them have been FHA loans. Now as this is a Govt. agency there is no way we can let it collapse, however if they do need a bailout, this is not the time for it to come to the public’s knowledge. Right as we are heading into the Fall months, and just before the fabulous winter.
That’s all we need is one more issue! It will be interesting how this effects the markets as a whole today, I am sure this is going to make investors a little squirmish.. I think I have given up on predicting what is going to happen at this point. I mean we all are really just here for the ride right?
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