patrick.net

 
  forgot password?   register

#housing #investing #politics more»
736,299 comments in 75,752 posts by 10,914 registered users, 2 online now: BayArea, MMR

new post

How to game the system with FHA loans for maximum advantage

By golfplan18   2012 Nov 28, 11:11pm   786 views   1 comment   watch (0)   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

Comment 1-1 of 1     Last »

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

The FHA Ponzi scheme.

Comment 1-1 of 1     Last »

users   about   suggestions   contact  
topics   random post   best comments   comment jail  
patrick's 40 proposals  
10 reasons it's a terrible time to buy  
8 groups who lie about the housing market  
37 bogus arguments about housing  
get a free bumper sticker:

top   bottom   home