Blog Reactions
Calculated Risk: FHA Delays Fiscal Report
| RT @GregWHoward: RT @ecd1948: FHA delays release of disputed audit of its finances - http://bit.ly/15gOeL 16 days ago |
| FHA abruptly delays audit of agency's financial health - washingtonpost.com: http://bit.ly/4fJwAe via @addthis 16 days ago |
FHA Delays Fiscal Report
Calculated Risk —
... actuarial study to better understand a broader range of risk scenarios,” Stevens said. “Based on these results, we raised questions about the accuracy of IFE’s modeling and IFE therefore advised us that we should not treat the report as final. IFE is now running additional tests to ensure that the final report is accurate.” Stevens added, “We will only release a report that we are confident is accurate and fully reflects the health of the FHA.”And from the WaPo: FHA abruptly delays audit of agency's financial health In September, Stevens said the ...
The Warning Shot Fired Yesterday
The Market Ticker —
... We're no longer part of the market, we are the market! We have no freaking clue how to exit from this, and we know that when we do rates will spike higher. Unfortunately we also know that if Fannie and Freddie continue to bleed red ink we will blow up instead of them by doing this, so in March we pinky-promise to stop, even though that will destroy what's left of the housing market.
Read that again.
Now consider this:
The Federal Housing Administration ...
Thursday morning links
The Mess That Greenspan Made —
... Gold Buy - Pesek, Bloomberg Rates cut on savings account despite Bank rate being kept on hold - Telegraph Spain Stocks Top Europe With 40% Latin America Profit - Bloomberg Dubai Shares Fall on Moody’s Cuts, Oil Decline - Bloomberg Japan Air Cutting 16 Routes - NY Times REAL ESTATE Q&A: The Outlook for Home Foreclosures - Time Commercial property market to hit bottom in 2010, report says - LA Times FHA delays the release of disputed audit of its finances - Washington Post 6 signs your home ...
FHA delays the release of disputed audit of its finances
IEHI Feed: The Hedge Fund Implode-o-Meter —
FHA delays the release of disputed audit of its finances (washingtonpost.com) [image] Search Enter your search terms Web HF Submit search form 2009-11-05 " The Federal Housing Administration abruptly delayed the release of a long-awaited independent audit of the financial soundness of the agency, citing potential problems with the accuracy of some of the study's economic models." go to full article | permalink to this | forum thread | Subscribe by email! [image] Comments: Be the first to add a comment add a ...
Lunchtime Links 11-5
Rolfe Winkler —
Fight over blog comments hits NH high court (NHPR, ht AK) Aaron Krowne is fighting the good fight for bloggers everywhere.
FHA delays release of financial audit (ElBoghdady, WaPo) The dog ate my homework…
Wells Fargo defers reckoning on troubled mortgage balances (Eckblad, DJ) Wells’ book of option ARMs threatens to blow up in the next few years as the loans recast, forcing borrowers to start paying down principal, not just making a minimum payment as they might on a credit card. Turning them into 6-10 year interst only loans ...
