Thursday, February 09, 2012

 
 
 

 
 
 
 
 
Top homebuilder predicts new housing crisis
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Monday, November 23, 2009
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From Newsmax:

Luxury builder Robert Toll says the Federal Housing Administration (FHA) is a train wreck waiting to happen.

If he’s right, that’s bad news, because the FHA has played a huge role in buoying the housing market in recent months.

The agency insured lenders against mortgage defaults on 20 percent of homes bought in the last year.

Read full article...

More on housing:

The next MAJOR government bailout

Mortgage delinquencies soar... Now at all-time high

The most sobering take on housing you'll read this week

Topics: Housing | Homebuilders | Real Estate
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