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The FHA's Plan to Report FHA Delinquencies
FHA delinquencies are to me, the canary and the coal mine. They'll go bad before anything else in the mortgage market does. And I do worry that we may be seeing kind of a lessening information value of FHA delinquencies. But again, if they report to us how many of these partial claims they're doing, then we should be able to back end the numbers out. It's just not clear yet.