The Terror of Truth
I warned you that this idea would spread like a plague, didn’t I? No sooner do banks start winning litigation by telling the truth than institutions of higher learning start following suit. Duke University was sued by the University of Louisville for breach of a contract in which the universities had agreed that their football teams would play each other four times. Duke backed out with three games
click to continueAnti-DAP Bandwagon Gains Speed
Support for the FHA’s efforts to ban seller-funded downpayment assistance (DAP) in connection with FHA-insured loans is gaining steam. The front page of today’s The Wall Street Journal had a lengthy article on the subject that showed how certain homebuilders are using DAP to make “100% financing” pitches designed to move unsold inventory.
“I just smell a massive taxpayer burden coming,”
click to continue06.29.08 | Financial Services