Return of Zero Down Payment

[The Rabbi]

You would think that no down payment mortgages would occupy a position in the public mind slightly above a Michael Jackson Day Care center. But not if you're a gov't bureaucrat struggling to increase your empire. Incredibly, Freddie is again offering no down payment to "qualified" buyers.
What is the definition of insanity again? This is the most corrupt clueless administration in history.
Believe It Or Not, Freddie Mac Is Still Promoting No-Down-Payment Mortgages

 

[Baruch Menachem]

Well, the ARMS must qualify as the equivalent of the Joan Crawford Day Care.