No one would lend their own money on the terms that the FHA is using for loans now. That’s the point – this is one of the many schemes to channel trillions of taxpayer money into the hands of homeowners and those who make their living off elevated home prices. The more ridiculous the risks being taken on, and the more money thrown at it, the more effective the program is considered. This article is merely pointing out the obvious, that the FHA program is hitting its mark.
