Meet The New Subprime: It Will Cost Us Billions

Posted on Oct 1, 2012 in FHA Information

Meet The New Subprime: It Will Cost Us Billions
This capital is expressed as the MMI or Mutual Mortgage Insurance Fund or the backstop to any defaults on the $ 1.1 trillion of FHA insured loans outstanding. The auditors estimated $ 26 billion of losses for loans underwritten through the … and still …
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