What is so evil about a 100% Loan?

What is so evil about a 100% Loan?

What we have learned in the whole sub prime debacle is the 100% loans are bad, evil and scary. The borrower needs blood in the transaction or they will just walk away. I have been doing FHA and VA for a very long time while others were doing 100% sub prime loans because they are easy. I was doing FHA and VA loans because I thought it was the right thing to do. This is an amazing fact that I just found out. That VA loan has the lowest default rate of any other loan! VA loans are 100% loan with no HVCC for appraisals. How can that be? With all the wonderful changes implemented to protect the banks from defaults and foreclosures, the evil 100% loan has the lowest default rate of any loan. Maybe the Fed and congress should look at the VA loan for what works.