their are some realtors who like this type of idea and pretty much ALL mortgage brokers would like it, but this is very critical stuff we are talking about here and to even place a foot on that slippery step that lead us down a 9 year slide into hell is very dangerous business. The housing recovery is happening without this stupidity... why does he need to push it more, more, more. Its in recovery, rates are holding fairly level, the huge piles of inventory we had has and is diminishing and now property value is going to increase at a nice, safe, moderate & NORMAL rate (5 percent a year more or less).
I can agree with some programs that give some degree of help and assurance like no money down VA loans (A kid who serves and completes his duty has some mental toughness, fortitude and determination and that's a risk and benefit that should always be in place for a Vet.), Low down payment FHA loans 3%-5% down who meet a specific income to debt ratio provided the brunt of that DP is their own earned money's. I strongly disagree with "no doc" loans (even when the buyer has a 20-50% down payment because its unfair and unjust to taxpayers).
If some people are missing out taking advantage of this housing recovery (like me), then their is a VERY GOOD reason they are missing it... BECAUSE THEY CANT AFFORD TO BUY A HOME CURRENTLY! I know its a shame I cant afford to go buy up some houses right now before things start growing rapidly (which they WILL), but for the same reason I wont go buy a fun, nice 21' Grady White....I wont go buy a house.