I don’t get why you seem so bitter about increasing the fha limits, and why you refer to it as a “bailout.” The 417k is merely an arbitrary valuation and has nothing to do with the ability to pay the loan back. If the person is entitled to the loan based upon credit worthiness, and has met all other qualifications, what th f…k difference does it make to you and why do you care as long as the loan has a very good chance of being paid back? There is no difference between that and a loan 417k or less, the key is credit worthiness, not the total amount.
if your so upset about uncle sam holding the bag, what about the continual pissing away of billions on a pointless war in Iraq that going to lead to real inflation just like after the vietnam war!!! Oh, that’s right, its not called a bailout when the recipients of the government billions are Halliburton and Blackwater, its called the war on terror.. all cwide needs is a new pr person to refer to the housing crisis as a terrorist plot.
give me a break!!!
LL