Manhattan Luxury Condos Try FHA Backing in Sales `Game Changer'

Discussion in 'Politics' started by KMAN, Aug 13, 2010.

  1. KMAN
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    KMAN Senior Member

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  2. Toro
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    Toro Diamond Member

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    Yes.

    I read this today. Its pretty stunning. The US government IS the mortgage market.
     
  3. CrusaderFrank
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    CrusaderFrank Diamond Member

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    As I've been saying for a while now, the Federal Government controls 100% (one hundred percent. ALL) of the US mortgage market.

    And Kman is correct. Someone need only put down 3.5% on the $3MM purchase and if they default, it's on us.

    Welcome to Obamaville, USA!
     
  4. Toro
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    Toro Diamond Member

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    It's not going to end well.
     

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