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Bailout

: Calculated Risk

FHA Commissioner: Housing on "Life support", "very sick system"

By Anonymous

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?This is a market purely on life support, sustained by the federal government. Having FHA do this much volume is a sign of a very sick system.?
Federal Housing Commissioner David Stevens at Mortgage Bankers Association Government Housing Conference (see Bloomberg, the FHA was involved in more transactions in Q1 than Fannie and Freddie combined)

No kidding ...

Full post as published by Calculated Risk on May 24, 2010 (boomark / email).

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