FHA 3.5% down threatened.

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Soylent Green Is People_IHB

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From Bloomberg,



<a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=apCiBvKN8DTU">http://www.bloomberg.com/apps/news?pid=20601087&sid=apCiBvKN8DTU</a>





Frankly, it's a good start. It will cause significant price pressure and that's not a bad thing.



My .02c



Soylent Green Is People
 
[quote author="Soylent Green Is People" date=1254720673]From Bloomberg,



http://www.bloomberg.com/apps/news?pid=20601087&sid=apCiBvKN8DTU





Frankly, it's a good start. It will cause significant price pressure and that's not a bad thing.



My .02c



Soylent Green Is People</blockquote>


Yeah, a good start. The article says : "?As FHA is key to the housing recovery, we would urge Congress not to take precipitous action while we are awaiting the full details the independent actuarial study,? Roussell said. ". Would anyone know about who's conducting this survey and if results will be made public?
 
Builders and the NAR will strangle the baby in its crib. My guess is that it's merely showboating and won't go forward. We shall see what we shall see.



My .02c



Soylent Green Is People.
 
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