Now The FHA Is Subsidizing Hedge Funds That Flip Mortgages For Easy Profits - Congoo

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Now The FHA Is Subsidizing Hedge Funds That Flip Mortgages For Easy Profits

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Business Insider | November 22, 2009

Here's the latest in the FHA's ongoing parade of horrors. (In case you missed it, the agency tasked with keeping the housing bubble alive has been undewriting subrpime-quality loans , and helping broke dudes by apartment buildings in San Francisco .) Now they're subsidizing hedge fund profits....

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