How do you know that?
I pay a lot of attention and have developed that knowledge via discussions with numerous real estate professionals who focus on HPP and numerous friends who live there and have FHA loans. Do you think that I am wrong that a good number of HPP home loans are guaranteed by The FHA?
So if the program is eventually cancelled I don't see why this would be a major factor in a housing crash either nationally or locally.
Are you saying that you don't understand how a large uptick in foreclosures would be a major factor affecting property values?
BTW, I found this interesting tidbit: "The five states with the largest quarterly increases in their overall delinquency rate were: Florida (99 basis points), South Carolina (59 basis points), North Carolina (40 basis points), Georgia (39 basis points), and Louisiana (32 basis points)"
Why do you find that interesting and can you help me understand how it relates to HPP or Puna?
ETA: BTW Durian Fiend, thank you for the excellent link which really serves to corroborate the relevant point made by the nice young lady at the Wall Street Journal and the gentleman from the center-right think tank by pointing out that FHA loans are increasing in delinquency relative to both conventional and VA loans. Worrying information indeed. https://www.mba.org/news-and-research/ne...er-of-2024
I pay a lot of attention and have developed that knowledge via discussions with numerous real estate professionals who focus on HPP and numerous friends who live there and have FHA loans. Do you think that I am wrong that a good number of HPP home loans are guaranteed by The FHA?
So if the program is eventually cancelled I don't see why this would be a major factor in a housing crash either nationally or locally.
Are you saying that you don't understand how a large uptick in foreclosures would be a major factor affecting property values?
BTW, I found this interesting tidbit: "The five states with the largest quarterly increases in their overall delinquency rate were: Florida (99 basis points), South Carolina (59 basis points), North Carolina (40 basis points), Georgia (39 basis points), and Louisiana (32 basis points)"
Why do you find that interesting and can you help me understand how it relates to HPP or Puna?
ETA: BTW Durian Fiend, thank you for the excellent link which really serves to corroborate the relevant point made by the nice young lady at the Wall Street Journal and the gentleman from the center-right think tank by pointing out that FHA loans are increasing in delinquency relative to both conventional and VA loans. Worrying information indeed. https://www.mba.org/news-and-research/ne...er-of-2024