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Author Topic: Taxpayer-funded mortgage bailout?  (Read 1869 times)

HollowOak

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Taxpayer-funded mortgage bailout?
« on: December 16, 2007, 01:41:32 pm »
Lest you think we spend all our time discussing Prosper, we have some other interests too. Here is a spirited discussion on whether taxpayers will foot the mortgage bailout.

Money quote:
Quote from: hanumanhojo on December 14, 2007, 02:20:55 pm
An FHA refi means the reckless lender gets his money back while the taxpayers get stuck with the liability.  The junky loans made by the FHA will go bad and taxpayer money will be used to make the FHA lender whole.

Read more inside.
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Senator

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Re: Taxpayer-funded mortgage bailout?
« Reply #1 on: April 23, 2008, 02:40:10 pm »
I'm starting to hear ads that the confirming loan limits in California have gone up to $750K.  Has anyone tried to re-fi under this program?
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