Quote:
Originally Posted by RalliartRsX
are not exactly making stupid financial decisions like the teacher and apple picking couple making $50K a year, being subsidized by the government and jumping into a $700K house which was the major driver for the collapse.
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Thats basically what HFA/FHA loans are now in a nutshell. Allowing people to qualify for more than they can really afford.
Many are calling FHA loans the new sub prime loan.