HUD is doing this because apparently their insurance reserve is low,  FHA volume only picked up since the Mortgage Industry imploded.  Since that time values have crashed and many first time homebuyers who use FHA financing have rates so low that they are literally owning for less than they can rent for, why would they default?  Are defaults really that high with FHA now?  What is draining the HUD insurance reserves so quickly? Posted by Ben Nicolas on
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