FHA Proposes To Use Tax Payer Cash For Delinquent Homeowner's Mortgages - Housing Bubble 2.0

FHA Proposes To Use Tax Payer Cash For Delinquent Homeowner's Mortgages - Housing Bubble 2.0

Yet another proposal that will kick the proverbial can down the Housing Road event further. It appears that Homeowners that are delinquent on their Mortgages are not able to utilize loan modifications to solve their issues as the current interest rate structure has resulted in the "new" payment actually becoming more expensive than the payment they originally defaulted on. The irony is obvious as The FED has raised and kept interest rates high in order to curb inflation, which is now prevented solutions for Homeowners. The "proposal" is designed to take the arrears and convert that amount into a zero interest subordinate loan which would be payable upon property sale/transfer or Re-finance. That sounds great provided Housing values reverse course and start to rise.

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Today is June 7th 2023 and Randy will discuss the following topics:

FHA Proposes To Use Tax Payer Cash For Delinquent Homeowner's Mortgages

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