FHA Head Touts Expansion of (commercial real estate greensboro nc) FHASecure Program Over Proposed Legislation
As reported by The New York Times earlier in the week, the FHA is
confronted with the possibility of the first deficit in its 74
year history primarily because of a single program in which
sellers, with the assistance of one of several non-profit organizations,
fund the buyer’s downpayment. This amount is then usually added to the
purchase price of the home. Loans funded under this program have suffered
high delinquency and foreclosure rates, draining FHA’s budget.
In his prepared remarks, Commissioner Montgomery asked Congress
to …
Capitol Hill Deals with Housing Problems in Several Venues
Meanwhile, with the White House, the Federal Reserve, and Congress
including the Federal Housing Administration (FHA) as a lynchpin in their
various housing rescue plans, The New York Times is reporting that agency
is itself on shaky financial grounds.
According to The Times the loans, issued under the seller-financed
down payment program, has suffered from high delinquency
and foreclosure rates recently…
Popularity: 2% [?]
No Comments »
No comments yet.
RSS feed for comments on this post. TrackBack URI
Leave a comment
You must be logged in to post a comment.