Government Housing Program Shows Little Benefit at High Cost

Posted by & filed under Stockton Real Estate.

Download now or preview on posterous 07 21 10.pdf (92 KB) Loans backed by the Federal Housing Administration, the Government National Mortgage Association, the Veterans administration, Fannie Mae and Freddie Mac have increased the government’s debt by $512.4 billion. TARP inspector general, Neil Barofsky said  "Treasury’s refusal to provide meaningful goals for this important program […]