FHA Loans out pace the rest

lets take a look:

FHA Home-Financing Volume Sign of ‘Very Sick System’

May 24 (Bloomberg) -- Loans guaranteed by the Federal Housing Administration, the U.S.-owned mortgage insurer, may be involved in more home-purchase transactions than borrowing financed by Fannie Mae and Freddie Mac.

FHA lending last quarter may have topped the combined volume of government-supported Fannie Mae and Freddie Mac in a home-lending market that’s still a “government-financed market,” David Stevens, the agency’s head, said today at a conference in New York, citing research by consultant Potomac Partners.

“This is a market purely on life support, sustained by the federal government,” he said at the Mortgage Bankers Association conference. “Having FHA do this much volume is a sign of a very sick system.”

http://www.businessweek.com/news/2010-05-24/fha-home-financing-volume-sign-of-very-sick-system-update2-.html

Credit bureau can't track information by itself

Credit bureau admits it can't handle information flow: Let us take a look

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Experian and Convoke Systems Partner to Resolve Documentation and Chain of Title Needs for Collections and Recovery Industry

Product to solve critical industry needs while maximizing recoveries and protecting consumer informationPR Newswire

COSTA MESA, Calif. and SAN FRANCISCO, Dec. 9 /PRNewswire-FirstCall/ -- Experian®, the leading global information services company, along with Convoke Systems, today announced its partnership to offer a product that improves transparency, uniformity and information flow within the financial services, automotive, telecommunications and accounts receivable management (ARM) industries.

http://www.rttnews.com/ViewPR.aspx?PrID=523242&SMap=1

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