By Jillayne Schlicke on September 21, 2009
Note from The Tim: Jillayne Schlicke has been a valued member of the Seattle Bubble community for quite some time, and I’m happy to welcome her as a guest poster. Jillayne has many years experience in the lending industry and offers some great insights. She currently provides continuing education for real estate professionals [...]
Posted in Features | Tagged defaults, FHA, Financing, foreclosures, lending
By The Tim on September 18, 2009
Three facts:
Nearly 7% (and rising) of FHA loans are currently in default (source).
The FHA has cash reserves of less than 2 percent (and falling) of the total value of loans they guarantee (source).
FHA currently makes about 23% (and rising) of all mortgages in the USA (source).
Here are those first two points presented graphically:
I’m trying to [...]
Posted in News | Tagged bailout, FHA, foreclosures, subprime
By The Tim on June 27, 2008
Here are a few recent stories that have been covered elsewhere and are worth at least mentioning here.
Latest foreclosure statistics: Seattle P-I, Foreclosures in Seattle higher, but much lower than nation’s
The Seattle area had about twice as many foreclosures in May as it did a year earlier but continued to have a far lower foreclosure [...]
Posted in News | Tagged Cat Le, Cohen, commercial, Countrywide, dead horse, FHA, foreclosures, Gregoire, Kelleher, link_roundup, Pryne, Rain City Guide, Rhodes, Seattle_PI, Seattle_Times
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