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The New Way the Government Is Poisoning the American Dream
Private equity shops and institutional players are buying and packaging nonperforming mortgages from the Federal Housing Administration (FHA) and selling those mortgages to mutual funds and themselves.
On the surface, the HUD wants to minimize the cost to taxpayers. That's really nice of HUD and the FHA, thinking about us taxpayers.
But something else is behind this recent action, and it's poisoning the American Dream...
Private equity shops and institutional players are buying and packaging nonperforming mortgages from the Federal Housing Administration (FHA) and selling those mortgages to mutual funds and themselves.
On the surface, the HUD wants to minimize the cost to taxpayers. That's really nice of HUD and the FHA, thinking about us taxpayers.
But something else is behind this recent action, and it's poisoning the American Dream...