FHA Boom an Inevitable Doom?

Eau Claire Wisconsin Real Estate Agent

There has been a recent boom in the number of FHA, federally insured loans to homeowners. This has offered help to areas hardest hit by current financial conditions but “The FHA’s surge in business, which includes many loans to high-risk borrowers who put just 3 percent down in markets where real estate prices are in decline, raises questions about a potential hit to taxpayers in the future.” FHA says there is no cause for alarm and they currently have a lot of money in reserves to insure the loans.

Of course concentrating money into a more central location can be cause for alarm. If trends continue its possible that even more loans could be insured by the government but whether this is something to worry about remains to be seen. Hopefully there will be more oversight than what we have seen lately in regards to Wall Street.

You can read the full article here.

If you would like to work with an agent who is leading the way call 715-894-1001 today or send me an email.

Search Eau Claire Wisconsin Real Estate!

Read my Eau Claire Wisconsin Real Estate Blog!

Buy Eau Claire Wisconsin Real Estate

List and Sell Your Eau Claire Wisconsin Home

Work with Eau Claire Wisconsin Real Estate Agent & Realtor® Shane O’Gorman