Posts Tagged ‘FHA bailout’

HUD Revises the Rules Related to Reverse Mortgages

Written on 12 Sep, 2013 at 5:33

HUD's new rules related to reverse mortgages are just a part of those changes made in the wake of the financial crisis and resulting economic meltdown, and in fact, relative to changes made that affect other areas of mortgage finance,... (Continue reading)

We’re Addicted to Denying our Addiction to FHA’s Mortgage Crack

Written on 23 Nov, 2012 at 6:13

According to Moody's Analytics, FHA's actions prevented home prices from dropping an additional 25%, which in turn saved 3 million jobs and half a trillion dollars in economic output. But now FHA is broke. Now what?... (Continue reading)

Tagged with: bailouts banking lobby CDO market diana olick economic recovery economy Edward Pinto Fannie Mae FDIC FDIC Chair Sheila Bair federal housing administration Federal Reserve Chairman Ben Bernanke FHA actuarial study for Fiscal Year 2012 FHA bailout FHA insurance foreclosure crisis foreclosures Goldman Sachs HAMP housing market recovery forecasts Indymac bank John Griffith loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman ml-implode Moody's Analytics mortgage crisis mortgage refinancing mortgage servicers NACA TARP Treasury Secretary Hank Paulson Treasury Secretary Tim Geithner trial modifications unemployment

If FHA’s losses are due to bad economy, why is Fannie blaming borrowers in lawsuit against Bank of America?

Written on 18 Nov, 2012 at 19:24

Of course, what Bachus fails to mention is that if our government had done ANYTHING RIGHT in terms of dealing with the economic crisis that started in 2007... if even ONE of the programs that have been implemented over the... (Continue reading)