Mish's Global Economic Trend Analysis: FHA Swamped By Defaults.
MishTalk
JUNE 28, 2013
According to Ligon, the only way the FHA can avoid a bailout is to reduce its market share by lowering maximum loan limits to $325,000 over the next four years, raise credit requirements for borrowers, and institute “burden sharing” with loan originators by reducing insurance coverage from the current 100 percent to 50 percent by 2016.
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