Welcome!
Brad, I am surprised that someone as knowlegeable as you would be using the term Realtor to refer to a generic group of real estate licensees. I am sure you know the difference but how are others going to learn if you use the term incorrectly?
Marcie, As I understand it the worst case projection is that 23% of the people that get DPA will default on their loan. Doesn't that mean that 77% of the people receiving DPA will successfully own a home they otherwise would have not been able to purchase? Do you think that is inappropriate? Good housing is appropriate for everyone, not just the people with thousands of dollars in the bank. Many times the only way to get started is to receive DPA. Isn't this the group of people FHA was designed to assist? Sure some will fail. But the losses are paid from the insurance premiums thay pay into the program. So there really are no losses to the taxpayers. Sounds like a win-win to me.