It is impossible to buy a toaster that has a one-in-five chance of bursting into flames and burning down your house, but it is possible to refinance an existing home with a mortgage that has that same one-in-five chance of putting the family out on the street.
Elizabeth Warren: “It is impossible to buy a toaster that has a one-in-five chance of bursting into flames and burning down your house, but…”
Editor's note · Context
Warren highlights the risks of FHA-insured loans compared to everyday products.
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