Defaults On FHA-Backed Loans On Rise

02 Apr 2009

Defaults on loans backed by the Federal Housing Administration are on the rise.

Defaults on loans backed by the Federal Housing Administration are on the rise. The percentage of loans that were either 90 days or more delinquent or in foreclosure stood at 7.2% in February, up from 5.8% last August. Sen. Kit Bond (R-Mo.) has expressed concern that taxpayers will ...

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