I saw a television commercial today in which a lending company urged people to refinance their homes. It made a special appeal to those who have been unable to refinance: FHA (Federal Housing Administration) now requires less documentation than before and no appraisal of the property.
Isn't this the sort of thing that caused so much trouble just a short while ago? This sounds like another government attempt to keep the market from pricing houses accurately, i.e., to reinflate the housing bubble.
Tuesday, September 29, 2009
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