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Strategies & Market Trends : Ride The Tiger 3

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From: Proud Deplorable	8/11/2009 8:55:29 PM
	1 Recommendation of 92

Because the same crooks, swindlers and thieves that infested the housing market in 2003, 2004, 2005, 2006 and 2007 in "subprime" and "ALT-A" have now moved into the FHA product. There is only ONE way to guarantee safety and soundness in mortgage lending. ONE! That is to require twenty percent down payments, limit the back end ratio, or debt-to-income, to no more than 36%, and fully-underwrite EVERY SINGLE FILE, with CRIMINAL penalties ruthlessly enforced for ANY fraudulent misrepresentation BY ANYONE. PERIOD! Message 25853718

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