Oh no FHA bailout, says the government.
Hmmm. Seems to me we’ve heard this tune before.
The FHA stepped in over the last couple of years after the mortgage industry collapse.
Unfortunately, many of the FHA approved loan people are just crooks who shifted over from being mortgage brokers when that field dried up.
My fearless prediction?
The government will have to use taxpayer funds to cover defaults in FHA mortgages.
FHA Bailout Next?
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