patrick.net

This is one of the dumbest things that they have done in a while.

It's not that dumb in the scheme of things.

Nothing for nothing is still nothing.

The difference between now and say early 2000's. Many people had jobs, it was a booming time to be middle class. If you were poor enough to collect food stamps and welfare, it was most often a lifestyle choice. Today it's an involuntary relegation.

FHA can do all kinds of things to sweeten the pot to attract all the buyers to their hearts content. Those potential buyers still have to pass the muster of income and financial verification. And it's a Mudderfugger even for those who make a comfortable living. Also there's the Credit score thing, that keeps a large chunk of the population out of compliance for any Mortgage even an FHA mortgage.

The MIP was a scam in the first place, a burden placed on future buyers as punishment for past buyers sins.

"You can keep your $900 reduction"