Yep. As we know throwing money out the door will always help affordability.
Buyer 1, with 350k in the bank might be eying off a 350k house. Some hard nosed negotiation in a dead market could get it down to 320k or lower.
But now the government (AOFM) is willing to back an idiot lender who'll give some cretin (Buyer 2) 95% of up to 750k, to then go hogwild and compete against Buyer 1 in the market.
Fantastic system.
