Commentary: What does the FHA think it is doing?
Exactly who made Bernadine Shimon think that she could buy a new house shortly after declaring bankruptcy and losing another home to foreclosure? The American taxpayer, that's who.
Without a Federal Housing Administration willing to guarantee a $125,000-plus mortgage, this Denver-area schoolteacher's recurring "dream of homeownership" could not come to pass. Shimon's down payment was a tiny 3.5 percent.
Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.
You will need your subscription account number and phone number. Not sure if you have an account? Email us at firstname.lastname@example.org and we can help you.