Ar_home_b_search
 



housing committee: Will the FHA Need to be Bailed Out? - 10/09/09 12:42 PM
The FHA has backed nearly a quarter of all loans made this year and its loans have been the primary source of financing for borrowers who lack good credit or cannot afford to come up with large down payments.  However, its defaults have been climbing, raising fears that taxpayers may be forced to rescue the mortgage provider. 
With the collapse of the mortgage market in 2007, the FHA became one of the last sources of low down-payment mortgages allowing borrowers to put as little as 3.5% down on a home.  But, lawmakers are seeking to increase that amount to 5% with … (6 comments)

 
2009_head_shot Rainmaker_large

Claudette Millette - Metrowest Mass Buyer Broker

Ashland, MA

More about me…

The Buyers' Counsel

Address: 27 Thomas Street, Ashland, MA, 01721

Office Phone: (508) 881-6230

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog

Find MA real estate agents and Ashland real estate on ActiveRain.