Conservatorship | The Wall Street Examiner

Posts Tagged ‘ Conservatorship ’

FHA Sub Prime Defaults at 9% in California

May 18, 2012

The American taxpayer is about to be saddled with another multi-billions bail-out of sub-prime mortgage loan losses from the stealth Federal Housing Authority (FHA) lending program that has been offering ultra-low 3.5% down payments since 2009. Delinquency rates are already at 9% in California and expanding rapidly across the United States. Sub-prime lending drove...
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Looming Inflation a Matter of Fact, or Faith?

By Lee Adler

December 2, 2008

I got this question this morning from a poster over on the Stool Pigeons Wire. Am I correct in stating that regardless of whether or not the new reserves that will be added once the FED purchases the GSE/MBS paper are utilized to increase fractional-reserve lending (at least initially), there would still be substantial...
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