First, understand that the main reason you're being asked to cosign a loan is because lenders don't think the borrower is a good risk. By cosigning, you're guaranteeing that you'll repay the full loan -- plus any late fees or collection costs -- should the borrower default.
Merchants basically get it -- to many of them, Groupon looks less like an innovative advertising mechanism than a loan broker, arranging bundles of small loans from consumers, and taking a substantial cut... Consumers don't often see this side of the equation.
For the past year there have been worries that the FHA might require taxpayer money to pay off lender claims for loans gone bad. But now it may be that the economy has turned around and the FHA may well do better than anyone thinks.
For months the real estate industry has been complaining about a shortage of homes to sell, an inventory which is too small. Raise down payment requirements and the inventory problem will vanish while home prices will fall. Why? Because there will be fewer buyers in the market looking for homes.
In a destitute country facing famine, natural disasters, and a beleaguered government, Muhammad Yunus saw an opportunity to help people one by one, and built an organization of others helping poor people help themselves
Stashed away in a draw somewhere on Capitol Hill is a simple piece of legislation that would have done much to stop the mortgage mess, robo-signing, unfair foreclosures, and the growing claims against lenders.