Comments on: New FHA Worries: Are They Justified? http://www.fhaloanpros.com/2010/03/2057/ The Unofficial Guide to FHA Loans & Mortgages Thu, 09 Sep 2010 19:09:22 +0000 http://wordpress.org/?v=2.6 By: rob aubrey http://www.fhaloanpros.com/2010/03/2057/#comment-89507 rob aubrey Mon, 08 Mar 2010 13:57:03 +0000 http://www.fhaloanpros.com/?p=2057#comment-89507 I've said it before and I'll say it again. The down payment was not the real culprit, it was the stated income loan. Let's face it you could've bought a property with a 50% down payment, if you do not make enough to make the payments, then you have a problem. If a borrower can prove their income and lives withing their means, no problem. FHA needs to get it's head out of the sand and stop making new regulations, the old ones "when enforced" worked fine. I’ve said it before and I’ll say it again. The down payment was not the real culprit, it was the stated income loan.

Let’s face it you could’ve bought a property with a 50% down payment, if you do not make enough to make the payments, then you have a problem.

If a borrower can prove their income and lives withing their means, no problem.

FHA needs to get it’s head out of the sand and stop making new regulations, the old ones “when enforced” worked fine.

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