It's vastly more important to insure the integrity of the lending system, something not done during the glory days of toxic mortgages. (fhaloanpros.com)
However, not all borrowers in these areas have huge mortgages so the program will surely help some with toxic mortgages. (fhaloanpros.com)
Floods can cause displacement of the owners, devaluation of the home and an increase in toxic mortgages for lenders. (remonline.com)