Wednesday, June 19, 2013
On the FHA Still Offering Loans With Only a 3% Down Payment
Have not these imbeciles in Washington learned anything? Unless a person puts a substantial down-payment into his or her purchase, there is literally zero incentive for a person not to walk away from it (yeah, their credit rating will probably be effected but a lot of these idiots simply don't give a rat's ass). Couple that with the ridiculously idiotic policy that's been coming out of the FED (preposterously low interest rates, a tripling of the monetary base, etc.) for a decade or so and it really ISN'T surprising the fact that the recovery has so anemic (thank the good Lord for the energy sector).