Loan Modification

The FHA Is Being Run Like A Ponzi Scheme That Will Surely Implode

By Implode-Explode Heavy Industries

"Along the way to becoming a behemoth, the FHA has radically transformed its business. Very few people seem to understand how thorough going this transformation has been. In many ways, the FHA is being run like a Ponzi scheme. And like all such schemes, it is likely to eventually fail."

Interesting read from John Carney, Managing Editor of Clusterstock.

Full post as published by Mortgage Lender Implode-o-Meter on March 19, 2010 (boomark / email).