FHA: Boom Or KA-Boom?

``Part of the reason it's so serious is that the FHA and HUD appear to be attempting to hide exactly how bad it is. Their own reports, for example, do not jive with the servicer reports (oops - you forgot those, didn't you?)... Allowing DTIs over 36% is ridiculous. Allowing people to buy homes through a Federal insurance agency with zero down payments (irrespective of how - whether through SFDPA - which has ended - or through "monetization" of tax rebates) is idiotic. ''