This is again because lenders don't like making risky loans. (gocleancredit.com)
The key in all of this is that it has a low level of profitability, and while it did not make risky loans in the fashion of Irish, UK or Spanish banks, its funding cost is linked to the price of Italian debt and it holds Italian debt. (wexboy.wordpress.com)
The question is, how can FHA meet its mission of providing accessibility to home ownership to those who can not qualify for conventional mortgage loans without losing it all by making risky loans? (fhaloanpros.com)