Uncle Sam's Deadbeat Mortgage Lenders

If you read the news everyday, you've probably seen more and more headlines like these in recent months: "Government Shuts Down Troubled Mortgage Firm" and "HUD Probes High-Default Lenders." Such language might lead you to believe that the feds are weeding out bum lenders. What you'd be missing is that even after the feds zero in on suspect mortgage outfits, there's still a good chance they will continue to put taxpayer dollars in jeopardy for years to come.

To read the entire article, Please visit: http://www.forbes.com/2010/03/01/high-default-mortgage-lenders-hud-personal-finance-deadbeats.html?boxes=financechannelforbes