Why FHA Supports Home Values

When the recession tanked housing, private mortgage insurers turned away from the mortgage market. FHA stayed and continued to insure loans so homeowners could get mortgages to purchase and refinance their homes.

FHA went from insuring 3.77% of mortgages in FY 2006 to insuring 19.13% of all mortgages in FY 2010. FHA’s market share rose not because it offers a better deal than the private sector, but because the private sector wasn’t making loans available. Read the rest of this entry »

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