Friday, Mar 26, 2010
Hmm another bailout coming
Cnn: FHA's Florida fiasco
The poor performance of Florida's FHA loans has helped drag the agency down to its lowest point in decades, raising concerns that taxpayers will have to bail it out. The agency is in the midst of overhauling its operations to shore up reserves, which have fallen well below the level required by Congress.
Posted by mark @ 12:10 PM (383 views) Add Comment
2 Comments
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1. mark said...
What amazes me is the UK contracted more than the USA, yet they are having a more spectacular crash in property prices...
2. mountain goat said...
http://www.chartoftheday.com/20100326.htm?T