Stealing and changing the title a bit from the Britney Spears "hit" song whenever it came out was inspired by HUD's latest announcement that it is considering "Civil Money Penalties" against the FHA underwriter if HUD FEELS (I emphasize the word FEELS) the underwriter didn't underwrite the loan properly. HUH? I wonder if Britney Spears is now in charge of HUD. Nope it is Housing Secretary Shaun Donovan the man on an island along with the rest of Washington DC. Does anybody really believe our government and its agencies know anything? Timothy Geitner Treasury Secretary recently stated "regulatory overhaul without limiting consumer choice of financial products or stifling competition" was the focus. Yet Mr. Donovan of HUD (or somebody inside the HUD house) comes up with a bizarre plan to...
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