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2009-04-06 — ml-implode.com
Amazingly, public records show that Ameridream and Nehemiah actually lobbied against legislation that would have allowed FHA to create a zero down-payment pilot program. Not only did they lobby against legislation for 100% FHA financing, they actually testified that 100% financing might be too risky for FHA. In doing so, they've inadvertently provided some of the best and most authoritative arguments against their own, arguably-fraudulent programs to get borrowers "free homes" insured by the FHA.
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