In a move reminiscent of a process that led to the housing crisis in 2008, the Federal Housing Administration will insure refinanced mortgages for an estimated 2 million to 3 million borrowers who won't have to submit to the usual validation process.And what does that mean exactly? I guess it's one of those hopey-changey deals...
Departing from the normal underwriting process, the FHA will insure the mortgages without verifying whether the borrowers hold jobs or receive income.Ah, yes... trust... AND don't verify.
The mating call of the lunatic left.
