It is not easier to qualify with an interest only payment and are not available to those with bad credit.
Talk of a housing recovery is foolishness.

Programs like FHA do not make housing affordable.
They just allow people with crappy credit to buy houses at inflated prices and throw away more money on mortgage insurance.
They also punish responsible people with good credit who have saved up for a down payment.

This is a very sick and twisted concept manipulated by the govt to make
people slaves to a mortgage in many parts of the country that most people accept/expect as normal & the ‘American Dream’ as outlined by the govt.