I have argued in prior posts that the Government has created a Housing Cartel which controls the rate at which foreclosed or seriously delinquent homes are liquidated and the requirements to receive a government loan to buy your home. The major banks, which now are the main originators of government mortgages (read virtually all mortgages), are under the government’s regulatory thumb and move not a muscle unless they get the word from the White House that they are “free to … (0 comments)
The Government Housing Finance Cartel – FNMA, FHLMC and FHA - want Stable to Slightly Rising Prices, So Be It!
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