Quote:
Originally Posted by RWebb
Federal Housing Administration reports it is seeing mortgage delinquencies slowing. WSJ buried this on p. 5
Only a couple of months ago it was assumed that the FHA and its portfolio would be the next big bailout.
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Wow. You mean they are finally running out of low-lifes and dead-beats? Who-da thunk?
The FHA has been given many hundreds of millions of dollars to give to poor people who can't afford to pay back a mortgage.
THIS YEAR!
Nothing has changed.
"Our" government is still loaning money to po' people who can't pay it back. They have not learned their lesson.
What could possibly go wrong?