- Sep 2, 2008
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- #61
I saw that in post #49, but I don't know that that is accurate. My previous understanding was that the banks provided the loans and the government subsidized and/or guaranteed the loans much as they do with VA loans.
I'm not certain of that and I am sure there are different programs so maybe I am thinking of a different plan.
Immie
I believe it is accurate. That's the whole reason we're able to save so much money.
That could be just the VA loans. As far as I know, the banks were the ones who were the middlemen while the government was the one providing the $$$. Now it's just the government providing the $$$ and loans.