Friday, December 14, 2012

Uncle Sam Giveth and Uncle Sam Taketh Away

A government big enough to give you everything you want, is a government big enough to take from you everything you have. - Gerald R. Ford


A klutz but he knew a few things about government and civics - and a not too shabby golfer.

"As many as one in seven families across America with Federal Housing Administration-backed mortgages will lose their homes to foreclosure in coming years, according to a landmark study by a former executive vice president and chief credit officer at Fannie Mae.
The FHA mortgage program is intended to help low and moderate income families, and first-time purchasers, to buy homes and build equity, but American Enterprise Institute Resident Fellow Edward J. Pinto said the federal agency is "engaging in practices resulting in a high proportion of low- and moderate-income families losing their homes."

3.50% Down Payment!!!!

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