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4 Comments on OUCH!!! The House wants to raise the FHA Down Payment!!!!!
Well if it passes I guess we will learn to work with it. It may take buyers a bit more time to save the additional funds, however it could slow sales down.
They have the guts to do this and they have no idea what is going on. But at the same time, the banks screwed up and we bailing them out.
Not a good idea...think they forgot....again....to ask the people they represent if the pendulum keeps swinging too far in the other direction what that will mean to the housing market.
This would most likely slow the economy even more. But on the other hand, if buyers had to put more sweat equity into their homes, they might not walk away as fast. It's a two sided sword.