The FHA is giving loans to Ponzis to reenter the housing market

By golfplan18   Follow   Wed, 14 Nov 2012, 11:02pm PST   329 views   1 comment   Watch (0)   Share   Quote   Permalink   Like (1)   Dislike

Do we really want to let Ponzis back into the housing market? There is a large group of people who’ve proven to be completely irresponsible with mortgage debt as evidenced by my daily debtor debacles.


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FortWayne   befriend   ignore   Thu, 15 Nov 2012, 1:06am PST   Share   Quote   Like   Dislike     Comment 1

It's corporate welfare. FHA guarantees loans, so banks win, and taxpayers lose. That's our status quo.

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