The federal home buyer’s credit may have been canceled last April, shattering the dreams of many who wish to own a home for the first time. The Federal Housing Administration, though, comes to the rescue and gives them hope. With FHA loans, which are originally meant for purchasing or refinancing owner-occupied residential properties, manufactured homes, and condominiums, can also be Read full article »
Tag archives for interest rates
Rising Loan Delinquencies And High Unemployment Rate, Economists Predict New Wave Of Foreclosures
New delinquent home loans surged again during the last two quarters as the Mortgage Bankers Association warned on Thursday that the rising figures could effectively dampen recent gains on foreclosures which it said were slowly inching on the decline path despite maintaining their high incidence. As soon as the data was made public, the Dow Jones index were pushed down by Read full article »
category: Featured, Residential
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