Relevant:
- ML-Implode Statement On H.R. 6694 And FHA "Seller-Funded Downpayment Assistance" Loans
- Aaron Krowne on News Dissector Radio 4/29/11 - "The $100B Housing Fraud You Haven't Heard Of"
- FHA's Stevens Reports: Downpayment Assistance May Wind Up Costing the FHA $13.6 Billion
- The DAP Legacy: FHA Delinquencies Rise Sharply in 2008
- 30% of FHA Foreclosures Linked to Downpayment Assistance
2009-03-04 — blogspot.com
Aaron Krowne at Implode-O-Meter has asked me to help stop the Seller Funded Down Payment Assistance (SFDPA) scam.
Barry Ritholtz at the Big Picture, Dr. Housing Bubble, Patrick.Net, Blown Mortgage and the Mess That Greenspan Made have already written about this scam, so I am risking the dreaded "piling on" penalty but here goes.
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