Background information that you might be able to use-
This is an editorial piece in the 15 Oct Wall Street Journal about the housing market. The first paragraph is a little scary-
“Recent reports that the Federal Housing Administration (FHA) will suffer default rates of more than 20% on the 2007 and 2008 loans it guaranteed has raised questions once again about the government's role in the financial crisis and its efforts to achieve social purposes by distorting the financial system.”
The rest of the piece discusses some history of the Federal Governments’ intrusion into the mortgage lending industry, as well as providing some interesting statistics.
Read it here.
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