@4gog0@FlorenskijPavel@paolodeberti23 il problema dell'italia e` che c'e` tanta gente come te che vota ed esprime la priopria opinione senza capire nulla.
@4gog0@paolodeberti23 Perché non voglio riempire il paese di porci. Non capite che se i giovani intraprendenti vanno all’estero e l’Italia si riempie di stranieri senza skills dell italia il bel paese che conosciamo non rimarrà nulla. Aspettati una Svezia 2.0
@akm515 If they dump it mortgage rate would go up, so even if home prices would go down the monthly payment would still be high. We have seen in the past 4 years of high interest rate, it cool down the market but didn’t affect the home price too much in most of the markets
🚨 FHA TICKING TIME BOMB 💣
In 2007, 35% of new FHA borrowers had debt-to-income ratios over 43%. By 2020, that number jumped to 54%. Last year? 64%.
As housing prices and inflation soared, borrowers stretched thinner—yet the FHA kept insuring riskier loans.
Now, 7.05% of FHA mortgages from last year are seriously delinquent**, surpassing the 2008 subprime peak (7.02%).
But where are the foreclosures?
Only 9 out of 52,531 seriously delinquent FHA loans ended in foreclosure.
Why? The Biden admin paid servicers to "help" delinquent borrowers by covering missed payments, slashing their monthly bills, and rolling it all into a bigger mortgage—with no interest.
Servicers collect $1,750 every time they "assist" a borrower.
This isn't about helping homeowners—it’s about bailing out lenders while kicking the foreclosure crisis down the road.
The FHA made 556,841 incentive payments to servicers last year—almost as many as the new mortgages it insured.
This is moral hazard on steroids—a financial bubble disguised as “relief.”
The crash is coming.