Displaying posts tagged with

“Housing Bubble”

Oct
18
2009

Government’s Housing ‘Fix’: The Bubble Du Jour


The definition of insanity is doing the same thing over and over and expecting different results                                                         – Benjamin Franklin The Federal Housing Administration doesn’t underwrite loans but instead it insures mortgages against losses for the financial institutions that do underwrite loans.  The FHA insurance program is designed to promote homeownership by enabling people of modest means [...]