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fha: Why Down Payment Assistance Can Be a Good Thing
- 10/16/08 08:35 AM
Have the majority of home purchase (as opposed to refi) foreclosures been for loans that were 0-Down?
Yes. But I would bet that a majority of those should not have been allowed to take a loan of the size they did.
Rather than just eliminate Down Payment Assistance Programs(DPA) altogether, policymakers need to look at the big picture. Traditionally, housing is the first victim of an economic downturn. But is is also usually the first to recover. If we make it more difficult for qualified borrowers to buy homes, then we are contributing to the problem. Maybe you take the simplistic … (6 comments)
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fha: Private Townhome in Olympia
- 10/12/08 11:09 AM
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;)
;)
