February 2012
The month’s features:
Spotlight on insolvency
FHA Is Estimated to Have a Current Net Worth of –$14.74 Billion and an Estimated Capital Shortfall of $33–52 Billion
Spotlight on delinquency
Total Delinquency Rate in January Eases to 17.53 Percent; Serious Delinquency Rate Increases to 9.92 percent
Spotlight on the impact of unsustainable lending practices on families and neighborhoods
About 30 Percent of FHA’s Recently Insured Loans Have Layered Risks Resulting in a 15 Percent or Higher Expected Claim Rate
Spotlight on delinquency hot spots
Georgia and New Jersey Continue to Top the List of States with the Highest FHA Total Delinquency Rates
Spotlight on the road to FHA reform
Policy Changes Needed to Implement Reform Principle 1
The road map to FHA reform
Specific Steps for Reform and the Status of Each
