Alongside of benefitting borrowers, the rule would also reduce losses to FHA’s Mutual Mortgage Insurance Fund as fewer properties would be sold at a loss in foreclosure or out of FHA’s real estate owned inventory...
Da fuq?!
scratching record player sound
When did the government get a Strategic Housing Reserve?!
Surely no fuckery would happen with that like - slowing or speeding the acquisition of property in a city, county, or state to influence local politics or elections - bureaucrats rigging the system to buy property on the cheap ( see "Wild Horse Adoption" ) - preferential action for property owned by, say, Chase - not selling houses and then saying, oh, hey, let's put that nice Somali family in this one - amassing houses and selling them for a song to White rock? ... That would never happen.
Wonder why houses are expensive? Here is a reason: the government owns empty houses.
Government? The Fed? lol
(post is archived)