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


By golfplan18   Follow   Wed, 14 Nov 2012, 11:02pm PST   316 views   1 comment
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http://ochousingnews.com/news/the-fha-is-giving-loans-to-ponzis-to-reenter-the-housing-market?source=Patrick.net

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   Thu, 15 Nov 2012, 1:06am PST   Share   Quote   Permalink   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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