Relevant:
- As an Exotic Mortgage Resets, Payments Skyrocket
- Hong Kong Raises Home-Loan Down Payments Signaling No Letup to Cool Prices
- Mr Mortgage: Engineering the Housing Bubble Through Monthly Payments
- Housing Recovery Increasingly Prices Out First-Time Buyers
- Home Prices Decline in Almost Three-Fourths of U.S. Metropolitan Areas
2011-02-13 — doctorhousingbubble.com
``The FHA has now stepped into the place of exotic mortgage financing to bring buyers into homes with pathetically low down payments. Low down payments are one of the main reasons why home prices became inflated and also lead to future foreclosures as we will explain shortly.''
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