Thank you HLS
I knew about MBS’s but it is easy to forget about what goes on behind the scenes when one does not work in the industry. Do you think MBS’s are here to stay, the reason I ask is because weren’t they the reason for the last bubble to begin with? Liar loans with the fox watching the hen house. Excellent post!
I used an FHA loan 6 years ago (3% down) refinanced twice and now have a 15 year (3.5%) no PMI loan with a mortgage cheaper than rent “that I can afford”, so the system can work, it worked for me.
