Don't Let Uncle Sam Take Over Home Loans


Posted on Monday, May 16th, 2011, 5:17 PM PERMALINK

Thinking about buying a home?  If the federal government has its way, the only place you’ll be able to get a loan will be from Uncle Sam himself.

A group of federal agencies is considering regulations that would force a vast number of homebuyers to get their loans from the federal government or face higher interest rates.  Not only does it limit options for getting a home loan, it exposes American taxpayers to enormous risk by forcing them to potentially bail out an increasing number of home loans.

Tell federal regulators you don’t want them managing your future mortgage.

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