Will They Call FHA A Predatory Sub Prime Lender Too?

``FHA reform is being “debated” in the House of Representatives. Even though the private sector managed risk better than FHA (where default rates are higher than in subprime, and rising), the House is prepared to increase FHA’s mandate and allow more loans to be made to borrowers currently in foreclosure. If that isn’t scary enough, the “debate” is currently centered not on the cost to taxpayers, not on credit quality, not on the role of limited government in a market economic system, not on our budget deficits and the need to keep government lean; no, the debate is on whether or not the taxpayers should pay for the legal fees of the borrowers in foreclosure.''