« previous   housing   next »

How to game the system with FHA loans for maximum advantage


By golfplan18   Follow   Wed, 28 Nov 2012, 11:11pm PST   510 views   1 comment   Watch (0)   Share   Quote   Permalink   Like (1)   Dislike  

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...

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

The FHA Ponzi scheme.

Email (Required, will not be visible)

Username (Just pick a name if you're new)

Watch comments by email

home   top   share   link sharer   users   register   best of   about   questions or suggestions? write p@patrick.net