new-homes-for-dollar-down-moneywatch: Personal Finance News from Yahoo! Finance
"According to The Daily's report, the developer stands to lose nothing as they receive the full purchase price, regardless of the buyer's ability to continue making mortgage payments.
This risk in this scenario is assumed by two government programs (in other words, you the taxpayer) that guarantee the loans for those who want a house but lack the cash for a standard down payment and closing costs."
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