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re: How FHA has prevented foreclosures. Video of one example of a mortgage not paid in 5 years
Posted on 3/21/25 at 8:58 am to stout
Posted on 3/21/25 at 8:58 am to stout
So of all total mortgage loans made, FHA makes 25% of that number.
Of their 25%, 7% of those are seriously delinquent.
Any to know the real dollar %, given that FHA loans are generally lower-priced homes?
I'm not disagreeing with your knowledge of the topic, I'm just wondering if it's a big % of total mortgage dollars loaned.
Of their 25%, 7% of those are seriously delinquent.
Any to know the real dollar %, given that FHA loans are generally lower-priced homes?
I'm not disagreeing with your knowledge of the topic, I'm just wondering if it's a big % of total mortgage dollars loaned.
1
Posted on 3/21/25 at 8:59 am to questionable
quote:
Inventory still low, new construction costs are insane, no crash.
Yea, my post is clearly outlining a huge reason for this. The Gov has taken away a whole part of the market which creates low inventory and keeps demand high.
Did the OP go over your head or something?
Posted on 3/21/25 at 8:59 am to questionable
quote:
Inventory still low
The 7M homes referenced in his OP may have something to do with that
Posted on 3/21/25 at 9:01 am to N2cars
quote:
7% of those are seriously delinquent.
No you read that wrong. 7% of FHA loans made just last year went seriously delinquent within 12 months meaning 7% of those loans are people buying houses and just not paying for them.
Posted on 3/21/25 at 9:03 am to stout
LIHTC is not free money. It’s a deal with the devil.
Posted on 3/21/25 at 9:05 am to tigeralum06
quote:
LIHTC is not free money. It’s a deal with the devil.
Oh I know but the fact is that billions are handed out yearly for it
Posted on 3/21/25 at 9:14 am to stout
Ok, so in the past 12 months 7% of FHA loans are basically in foreclosure, not 7% of total FHA loans...
I'm still curious if this number(bad/foreclosures), even combined with VA loan issues, is enough to affect the overall mortgage market.
I'm still curious if this number(bad/foreclosures), even combined with VA loan issues, is enough to affect the overall mortgage market.
Posted on 3/21/25 at 9:23 am to stout
quote:
higher DTI just becomes the new standard.
Its been the standard since 2010
Posted on 3/21/25 at 9:24 am to N2cars
quote:
Ok, so in the past 12 months 7% of FHA loans are basically in foreclosure
Just 7% of loans issued last year. If you go back to loans issued since 2022 that number grows to 17%
I have seen estimates that currently over 1 million FHA-backed mortgages are in some stage of default but not foreclosure
If that number is true, it's a large enough number to prop up the market and create shortages but not large enough to make a 2008 level crash happen.
Posted on 3/21/25 at 9:25 am to SDVTiger
quote:
Its been the standard since 2010
I like how we just blew right past 43% and that is totally OK now
Posted on 3/21/25 at 9:27 am to stout
quote:
I like how we just blew right past 43% and that is totally OK now
Its been a 46.99% front end since forever. Conv goes to 49%
This isnt something new. Then the years of stated income. So we are on like 25yrs
All they are doing is giving ppl hud mods and putting them on the home as silent seconds
Posted on 3/21/25 at 9:28 am to SlowFlowPro
quote:
Trump hasn't addressed it, nor does anyone think he will.
Just like he won't touch other "third rail" subjects like SS/Medicare.
It's been, what, 90 days?
Posted on 3/21/25 at 9:38 am to idlewatcher
quote:
Read something yesterday that the mean age of current renters skyrocketed from low 30's (32/33) to 42!
Say I’m 45 with solid equity in my home. I think the bubble will burst.
Why not sell now, rent for a year or two, then buy back in when the market collapses?
Posted on 3/21/25 at 9:42 am to SDVTiger
quote:
Its been a 46.99% front end since forever. Conv goes to 49%
Yes I understand what the lending limits are but as my thread from the other day showed people are living well beyond that
quote:
All they are doing is giving ppl hud mods and putting them on the home as silent seconds
Yes. Propping up the market
Posted on 3/21/25 at 9:45 am to stout
quote:
lending limits are
You mean debt to income
quote:
Yes. Propping up the market
I guess
Posted on 3/21/25 at 10:29 am to stout
Is it "not paying" or "shifting payments to the back"? I thought it was the latter.
Posted on 3/21/25 at 10:37 am to stout
quote:How is that possible, when it hasn’t been 12 months since most of last year's loans originated?
No you read that wrong. 7% of FHA loans made just last year went seriously delinquent within 12 months meaning 7% of those loans are people buying houses and just not paying for them.
Posted on 3/21/25 at 10:53 am to stout
I agrer that's significant, but assuming even 50% ended up in foreclosure, as a % of dollar-value of overall mortgage loans, compared to conventional mortgages, it's not a panic #.
Now if you start seeing 10-15% of the overall market in some form of default, then panic
Now if you start seeing 10-15% of the overall market in some form of default, then panic
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