Is the FHA Effectively Condoning Mortgage Fraud? [View article]
it means that the buyers should be able to afford their loans. it also means that they have no skin in the game. so if the bet goes the wrong way, it is easy for them to ditch the property and let the FHA eat the losses.
Is the FHA Effectively Condoning Mortgage Fraud? [View article]
FHA does do real underwriting, right?