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Minor correction: it's not that we "had" a government program... we "have": FHA is still handing out 3.5% down loans to people with 580 FICO scores. It's like
by ajkessler 15y ago
Minor correction: it's not that we "had" a government program... we "have":
FHA is still handing out 3.5% down loans to people with 580 FICO scores. It's like 2008 never even happened. People actually sued about this last year: http://www.washingtonpost.com/wp-dyn/content/article/2010/12/03/AR2010120302784.html http://www.washingtonpost.com/wp-dyn/content/article/2010/12...
- grandalf 15y agoQuite true. Arguably though, the programs are part of the overall short/medium term "solution" for the crash. Yet nobody seems concerned that the same thing could happen again.