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How to game the system with FHA loans for maximum advantage

By golfplan18   2012 Nov 28, 11:11pm   ↑ like (1)   ↓ dislike   754 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...

#housing

1   Oil Can   2012 Nov 28, 11:19pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

The FHA Ponzi scheme.

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