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Financing Change Statement REG 3323 Service Alberta Servicealberta Gov Ab  Form

Financing Change Statement REG 3323 Service Alberta Servicealberta Gov Ab Form

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the U.S government is giving Bad Mortgages into the U.S housing market just like they did in 2008. these Bad Mortgages are going to lead to a wave of defaults and foreclosures in 2023 and 2024 and the way we know this is going to happen is by looking at the debt to income ratio for home buyers particularly the debt to income ratio for FHA mortgage borrowers are spending 44 of their income on their mortgage cost and their debt cost that's even higher than the levels in 2008 at the peak of the last bubble and these aren't bad loans these are risky loans which are already starting to go into default the default rate on FHA mortgage is hitting an insane 12 in February 2023 and so in case you thought that there was just good loans being made in the U.S housing market no that's wrong prepare for a wave of defaults and forced sales all because the US government is making the same mistakes they made 15 to 20 years ago

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