Relevant:
- Downpayment Money-Launderers Astroturf Support For Their Taxpayer-Robbing Programs
- FHA's Stevens Reports: Downpayment Assistance May Wind Up Costing the FHA $13.6 Billion
- 30% of FHA Foreclosures Linked to Downpayment Assistance
- Stop The Seller Funded Down Payment Assistance (SFDPA) Scam
- ML-Implode Statement On H.R. 6694 And FHA "Seller-Funded Downpayment Assistance" Loans
2009-04-08 — ml-implode.com
``The report lends credence to our long-running argument that there is absolutely no economic reason for FHA seller-funded downpayments which involve a third party pretending the transaction is "charitable" in exchange for money. Since honest and above-board equivalents are possible, there is not a single argument for the practice and plenty against it.''
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