Here is a proposal that WOULD create jobs and stimulate the economy. It is very big and therefore would be effective. It would also be revenue neutral, something that no other plan can claim. What do you think?
The FDIC sold 187 homes in Georgia recently. This was a public auction, but the results will not be released. The FDIC has put a lid on that information. Why?
October was another loser for the SSTF. We have crossed another critical milestone on the Fund's performance. This problem is at hand, not 20 years into the future. Will it have a market impact at some point? It is only a question of when, not if.
HUD's Shaun Donovan delivered a report to Congress. Some of the information provided does not jive with the default performance of some Ginnie Mae portfolios. A representative portfolio from 2008 is suffering defaults of 27%. Exactly the same as the sub prime loans.
No bailout for FHA? Don't count on it.