It appears that the Federal Housing Authority is short on resources to help regulate predatory lending. I think if the FHA is unable to distinguish shady lenders from legitimate ones, we’ll be back in the ring, fighting with another blow of predatory lenders and home foreclosures. The Obama administration should definitely put some of the TARP fund that is still left toward fixing the mortgage crisis, hire more employees and have new and experienced FHA appraisers. In states like California, where home values are down,yet home prices and property taxes are still outrageous, having strong HUD enforcement is absolutely necessary to repair the housing crisis that is significantly increasing throughout the entire country. http://personalmoneystore.com/moneyblog/2009/01/13/from-your-payday-loan-source-fha-needs-help/
It appears that the Federal Housing Authority is short on resources to help regulate predatory lending. I think if the FHA is unable to distinguish shady lenders from legitimate ones, we’ll be back in the ring, fighting with another blow of predatory lenders and home foreclosures. The Obama administration should definitely put some of the TARP fund that is still left toward fixing the mortgage crisis, hire more employees and have new and experienced FHA appraisers. In states like California, where home values are down,yet home prices and property taxes are still outrageous, having strong HUD enforcement is absolutely necessary to repair the housing crisis that is significantly increasing throughout the entire country. http://personalmoneystore.com/moneyblog/2009/01/13/from-your-payday-loan-source-fha-needs-help/
Posted by: JohanW at January 23, 2009 1:45 AM in response to property taxes