To: Broadside Joe
Oh and I forgot to mention that at one time at least, the MIP (mortgage insurance premium) which insures about the top 20% of the loan amount, actually turned a profit.
Yes you heard it here folks, a government program that was actually self sustaining. (don't know if it still is though)
To: Broadside Joe
The home building industry must be kept active ... if there is no one to buy the homes ... just give them away.
Single family home building is the benchmark of the economy.
I fear someone is trying to headfake us.
21 posted on
02/01/2004 6:31:43 AM PST by
CFW
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson