Tuesday, April 29, 2008

FHA: New government data shows that claims on FHA mortgage insurance, which is backed by the government to prevent foreclosures, rose by 61 percent last year compared to five years ago. These payoffs allowed more than six in 10 homeowners who defaulted on FHA-insured loans to stay in their homes.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n5-042808.cfm

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