Where FHA backed less than 3 percent of all new mortgages in 2006, its share of the business has ballooned to nearly one-quarter of the mortgage market. In August, mortgages from the FHA and the Veterans Administration (for qualified veterans) backed 40 percent of loans for all home sales.
Ed Says...
Forget about the Mayan Calendar 2012 doomsday! Some mobile users are seeing the year 2016 on messages delivered in 2010. The Mayans had December 21, 2012 as 13.0.0.0.0 in the Long Count. Is the 2016 bug a result of bad string parsing? Poor binary to BCD conversion? The plot thickens...[via WMExperts]