How to game the system with FHA loans for maximum advantage

By golfplan18   Follow   Thu, 29 Nov 2012, 7:11am   416 views   1 comment
In Irvine CA 92620   Watch (0)   Share   Quote   Permalink   Like (1)   Dislike

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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  1. Oil Can

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    Oil Can's website

    1   7:19am Thu 29 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    The FHA Ponzi scheme.

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