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Loan Modification

: Mortgage Lender Implode-o-Meter

Will FHA Loans Bring About Housing Bust Part II?

By Implode-Explode Heavy Industries

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"Think we?re beyond the days of people putting little-to-nothing down for home purchases only to later walk away? Think again ? and the government is sponsoring it." For those not familiar with FHA loans, they are loans issued by major banks like Bank of America and Wells Fargo as well as smaller mortgage brokers and the origination arms of builders like Ryland and KB Home. Those loans are then insured against default by the Federal Housing Authority.

Full post as published by Mortgage Lender Implode-o-Meter on June 21, 2009 (boomark / email).

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