Tuesday, November 29, 2005

Another reason to suspect gov't corruption in the housing market

Today HUD announced it raised the loan ceiling 16% from $359,650 to over $417,000 for mortgage loans which can be packaged for sale to the secondary market buyers like Fanny Mae.

Would sure like to know if any of the HUD mortgage policy folks involved in this decision have real estate investments which stand to profit from the increase.

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