Date: June 25th, 2008

Seller-paid down payments: fundamentally flawed

25 June, 2008 (08:14) | Hard equity, Legislation and policy, Regulation, Theory, US News | No comments

There are times when being right is no consolation, it merely makes you angry.
 

Sometimes you wish you hadn’t been so right
 
A year ago, in a post entitled 3% altruistic, I wrote about the FHA’s ‘non-profit-donated’ down-payment program
It sounds like a misprint — a non-profit that gives low-income borrowers money for the down payment on [...]