>Yet Another Desperate, Destined To Fail Housing Program

>I have no idea who this latest program is looking to help. Why a lender would participate in this program is beyond me. The program still requires the lender to take the loss, the only benefit might be that the lender might take a smaller loss than they would if they foreclosed….transferring the risks to the taxpayer via the FHA. Yet again, another Dead On Arrival plan – at least the Obama administration is keeping a consistent policy, one carried over from Bush…..that of offering destined to fail plans that help nobody.

Scott Dauenhauer CFP, MSFP, AIF

Kindle

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