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June 25, 2008



Maybe it can be our FROE? How about not offering it to anyone and everyone who fits the normal lending parameters. MHFA has had better success with required homebuyer education by classroom experience maybe that is a solution too. There are ways to make it work better, I would hate to see it eliminated all together. I personally know and worked with plenty of people who took on the responsibility just fine.

Mary Leizinger

This is like having to get a vacination shot. No one likes to do it, but it's for our own good. Bye-bye DAP, it was good to know ya. It's hard to save money, but with seller paid closing costs, it's not impossible to come up with the 3% needed for an FHA downpayment. The discipline needed to save the downpayment will serve buyers well when it comes time to have the discipline to make your mortgage payment every month. FHA is doing the right thing to save their program and the taxpayers from having to bail them out.

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