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FHA borrowers hit first, hardest by sinking economy

FHA Commissioner Julia Gordon

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FHA Commissioner Julia Gordon

The fate of Federal Housing Administration (FHA)-backed mortgages in the ongoing downcycle housing market is being compared with a canary in the coal mine by several industry experts who track the sector and are seeing early warning signs of distress.

In recent months, the canary has been chirping with far less exuberance as inflation (now above 7% annualized), rising mortgdetails ⇒

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