I am just wondering what the qualifications will be, and who will administer the loans. My thought is that they use mortgage companies and pay the commissions with tax money. This way they prop up the mortgage industry while buying all of the land. I still wonder what the consequences will be of the govt. owning all of the land. Also, will they allow you to finance more then your own private residence. All, I know is that I am just waiting to refi for 30 fixed at 4 or lower.
