So I could go and sell 15-30 yr "notes" paying 5% to people that want more that what t-bill/bonds are paying, funding FHA loans to investors at 8%, and say that the money is invested in a "pool" that is backed by the full faith and credit of the USA...
Comments(0)
FHA mortgage insurance covers 100%.of the loan balance.
So I could go and sell 15-30 yr "notes" paying 5% to people that want more that what t-bill/bonds are paying, funding FHA loans to investors at 8%, and say that the money is invested in a "pool" that is backed by the full faith and credit of the USA...
evil grin...