1st: Why is a home builder make any kind of comments saying that FHA is lending too easily?? Something sounds wrong with that picture being that is how their homes are getting purchased and they still have income, I mean come on, there is no way this guy is selling his homes to only 700+ credit score clients..ha-ha

2nd: Why are people bashing FHA about easy lending when in all actuality, we do maybe 1/8 of the loans we use to because the guidelines are already too strict. Credit scores greater than 620 is scarce right now and when you do get one of those clients, you have to weigh out other options to get an approval also as its more to it than getting over a 620 credit score.

3rd: If credit criteria was to go up to 640 - 680, this would make it to where hardly no one would get a house, if they want the economy to slow way down, that would be perfect, and maybe then when Robert Toll goes out of business, he will stop and think.

Let’s think on a whole new level, maybe FHA wants to raise the credit score even higher, and is using this propaganda to do so. If it’s blamed on people saying that credit is too easy, when they raise the scores, no one can blame them… Even though we all know it would be hog wash…

The money is really needed and the economy will need to be jump started till the battery can run on its own and charge itself, there is no way around it. So bashing anyone right now, president included is ludicrous for many reasons, just to name a few:

1st: It does not matter what others think of president Obama, he is our president and if he makes decisions, we need to stick by him cause if we are bashing our own president, what makes other countries think we are any different than any other 3rd world country?

2nd: You put on the presidents hat, and do exactly what you think Obama needs to do as in don’t spend any money, do all your speeches, and tell people that you are just going to watch the US repair itself with no government help, and if you do give aid, only give enough to support 1/2 a state and not the other 49 1/2, after all, you don’t want to add to much to the deficit do you? Ha-Ha…

We all need to drop the politics, and ban together with our president regardless if we do not approve of all his decisions and back his funding of the housing industry. Obama is our president and as a whole we need to back him, as what our ancestors have said before quoted by John Dickinson and I think it’s still on par “United we stand, divided we fall!”

Whether we will also have a train wreck is to be seen.

Thanks for your note.

Have you seen the “technology” FHA uses to review and endorse loans?

A joke. this is a train wreck waiting to happen.