Federal Loan Programs for Homebuyers (via 21C Woman)
The United States Department of Housing and Urban Development is looking out for homebuyers. If you want to buy a home and are not sure that you can do it with your credit or you just need a little extra help getting your first home, there may be a program for you. The Federal Housing Administration…
Policy makers are wrestling with a dilemma about the overhang of mortgage debt from the housing bust: to forgive or not to forgive? With prices down by one-third from their 2006 peak, more than 11 million homeowners are underwater, or owe more than their homes are worth. That is about 24% of all homeowners…
For decades America’s system of housing finance was the envy of the world. But reckless behavior on Wall Street and weak oversight in Washington during the 1990s and 2000s contributed to an unprecedented bubble and bust in the U.S. mortgage market, resulting in financial catastrophe by 2008. Among…
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