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

By golfplan18   2012 Nov 14, 11:02pm   447 views   1 comment   watch (0)   quote      

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.

#housing

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1   FortWayne   453/457 = 99% civil   2012 Nov 15, 1:06am  ↑ like   ↓ dislike   quote    

It's corporate welfare. FHA guarantees loans, so banks win, and taxpayers lose. That's our status quo.

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