You can't blame Goldman for this: FHA mess

Seems like our government agencies have never met a home loan they don’t like. Fannie. Freddie. And now here’s a graphic that captures the abysmal state of lending at the Federal Housing Administration. Blogger Tim Iacono notes that FHA lending “went from about 2 percent of all loan originations a couple years ago to a whopping 25 percent this year. Obviously, they’re going for quantity, not quality.”

fha defaults_nov_2009

via The Mess that Greenspan Made; graphic from T2 PartnersLLC

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One thought on “You can't blame Goldman for this: FHA mess

  1. Pingback: You can't blame Goldman for this FHA mess - Viewsflow

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