We just got notice from our landlord that we have 60 days to vacate our home. And among the many things we’ve had to contemplate on short notice is whether or not we want to continue to rent or go ahead and buy.
via Delia Lloyd
Mar 09
FOR decades, the federal government has subsidized housing — particularly owner-occupied housing. This has been especially true during the continuing financial crisis, with Fannie Mae, Freddie Mac and the Federal Housing Administration propping up the housing market by issuing guarantees for investors on most new mortgages.
via NYTimes.com.
Mar 04
A $1.25 trillion program from the Federal Reserve which has held down mortgage rates is set to end March 31 and tax credits to bolster home buying are scheduled to expire at the end of April.
Feb 28
Reeling from the recession’s one-two-three-punch of job woes, climbing mortgage payments and evaporating equity, desperate homeowners are dipping into a nearby income stream to avoid foreclosure: That bedroom just down the hall.
via RISMedia.
Feb 27
The agency clarifies documentation that taxpayers will need in an effort to curtail widespread fraud in the program.
via latimes.com.
Feb 24
Garcia liked the home and saw its potential, but didn’t have the upfront money it would take to rehab the home the way it needed to be done.
via RISMedia.
Feb 15
The excesses of the subprime mortgages pushed many low-income Americans into this untenable position. But despite the terrible fallout, few in Washington challenge the notion that home ownership is for everyone.
via WSJ.com.
Feb 13
The homeownership rate declined to 67.2% and is now at the levels of early 2000.
via Calculated Risk
