Homebuyer Tax Credits Threaten the FHA – By ROBERT C.
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Tags: credits, few-weeks, FHA, FHA Credit, home buyers, least-620, long-time-resident, not-qualify, pozen, primary-residence, used-the-same
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In order to own a mortgage, you have to buy mortgage insurance for it (which, by the way, is for the bank if you default NOT you), in addition to the fire and hazard, flood, and disaster insurance for your house. ..... Not to start another debate, but government pressured banks to issue home loans to those who could not afford it (to pad numbers), and after a decade the racket collapsed, and government was there to point at, bail out, and ?reform? their scapegoat: the ...