TSOR says that Moreno Valley has a few plastics plants. He may work locally.
Secondly, the house is a recent 4-bedroom (2.5 or 3 baths, probably) according to the article. Depending on HOA/MR and PMI fees, it may be a good deal *for him.*
As to FHA giving a loan to a serial defaulter, it’s not something I’d do for sire.