Thursday, December 10, 2009

WAPO: Mortgage agency's growth gives fuel to risky lenders

Unbelievable. That is the only word to describe this article about how poorly Ginnie Mae has been run. The corruption that is taking place in broad daylight in front of these people is scary and yet it is allowed to continue in order to reflate housing. I hope this story brings about the change needed, otherwise we the taxpayer are going to be shelling out in more ways than one.

Scott Dauenhauer CFP, MSFP, AIF