Taxpayers will be on the hook again when the next meltdown occurs. Banks and non-bank lenders will make out like bandits.
https://www.housingwire.com/articles/49290-fha-is-increasing-lending-to-riskier-borrowers
FHA may raise the HECM limit and legislation has passed the House to drop FHA mortgage insurance premiums when the LTV reaches 78%. Back to the future! |
