I’m not so sure than anything the government does to prevent prices from falling, or assist banks’ balance sheets is all a good thing. It wasn’t that long ago that FHA loans were being hailed as the new subprime. Shouldn’t the FHA rules be tightened, ensuring at the very least borrowers have more ‘skin in the game before unleashing this 90 day rule? Low down payment is a leading cause of foreclosures.
