pink slime: Should HUD take over USDA?
- 03/28/12 11:46 PM
USDA does a great job administering the rural development loan program. People in the more sparsely populated areas get a chance to own a home with lower startup requirements than most other programs. Although USDA is already in the housing business of sorts, my focus in asking whether the government department would benefit from HUD acquisition has nothing to do with housing. HUD provides transparency in transactions to consumers when they buy or sell a home. The disclosure requirements and the other behavior mandates through RESPA keep the housing and lending industry above ground and over the table in exemplary fashion. … (3 comments)
USDA does a great job administering the rural development loan program. People in the more sparsely populated areas get a chance to own a home with lower startup requirements than most other programs. Although USDA is already in the housing business of sorts, my focus in asking whether the government department would benefit from HUD acquisition has nothing to do with housing.
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