I believe that 100 percent. Had a coworkers daughter and husband bought a $250K house in Florida for no money down. The developer "gave" them 25K in equity. Well you guessed less than 2 years later they loss the house to foreclosure. This is what happens when people buy things they cant afford, and the government wants to make sure no one is disenfranchised and has their chance at the American dream.

P.S. $250K did not even include an electric garage door opener. My friend bought one and installed it for them.