How to game the system with FHA loans for maximum advantage

By golfplan18   follow   Wed, 28 Nov 2012, 11:11pm PST   ↑ Like (1)   ↓ Dislike   614 views   1 comment   Watch (0)   Share   Quote  

http://ochousingnews.com/news/how-to-game-the-system-with-fha-loans-for-maximum-advantage?source=Patrick.net

Our current housing finance system is a mess. It’s laden with moral hazard, and likely to implode with enormous losses to be absorbed at taxpayer expense. All our current policies are geared toward saving our banking system from financial ruin and making loan owners comfortable with their fate. As with any policy initiatives that distort the natural market, the current system is loaded with unintended incentives that permit people to game the system for their personal advantage. Today we look at how using an FHA loan to game the system provides advantages that offset the high cost of the FHA...

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Oil Can   befriend (0)   ignore (0)   Wed, 28 Nov 2012, 11:19pm PST   Like   Dislike     Share   Quote   Comment 1

The FHA Ponzi scheme.

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