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Fan-Fred and FHA Together Own a City the Size of Baltimore

August 12, 2010
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Fan-Fred and FHA Together Own a City the Size of Baltimore

Picture every occupied house in Baltimore city. Now picture them empty. That’s the situation we have now, all spread across the country.
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FHA Default Rates Near 10 Percent

February 2, 2010
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The Washington Post seems to be catching on to a story Crash Course warned about last fall: that FHA is not in good shape, and may need a taxpayer bailout. As with most WaPo stories, the problem is depicted in the past tense: FHA Commissioner David H. Stevens, who joined the agency in July,...
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FHA: Another Shoe Dropping

October 9, 2009
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The Federal Housing Administration’s boss is saying he’ll need no bailout, “absent any catastrophic home-price decline.” The New York Times is flashing red on this one, and it’s an entertaining read. U.S. Rep. Barney Frank (D-Mass.): A 7-plus percent FHA foreclosure rate is no bad thing: “I don’t think it’s a bad thing that...
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