Via CalculatedRisk:
"86 percent of homebuyers relying upon FHA mortgage insurance in FY 2009 had downpayments of less than five percent."
Yowza.
-KD
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5 comments:
This is only a problem if the FHA is falling below their capital reserve requirements....oh, wait, dang it!
Well, those CAN be waived right?
Great post!
KD - I responded a couple weeks ago about changing your blog template. I used to use yours and recently changed to Tic Tac Blue and think it looks pretty good:
http://buttheyweresuited.blogspot.com/
Chuck
yeah, Chuck - i will get to it eventually...
I think the problems that still exist in the housing market will overwhelm the economy to the downside, and that we are close to a multi-year top in the stock market. But there are still some individual names I like. One of which is San Gold, a junior gold mining company which reported earnings after the close on Friday and is up a lot today. Here's a discussion on their earnings and some thoughts on San Gold . I wouldn't necessarily step in and buy it right now, but I would definitely add on pullbacks. I think the macro environment is going to remain unusually favorable for gold for the next few years because of the deflationary threats of the credit crisis and the inflationary policies of the Fed.
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