The Foreclosure Effect

Posted on February 2, 2010. Filed under: Industry News |


It is often discussed that distinct categories of people or loans will cause future waves of foreclosure, specifically Option ARMS of all loan amounts and the wealthy with many variations of loans (high dollar loan late payments continue to accelerate).  Now we have another to consider,  FHA loans.  Take a look at this article that discusses increasingly late FHA loan payments.  http://tinyurl.com/yd599jp.

Let us hope the current government discussions behind closed doors to streamline the Short Sale process have a positive outcome.

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