There’s trouble in paradise. The Federal Housing Administration (FHA) has stepped in to help keep the mortgage loan train rolling – and with a three percent down payment the only requirement, borrowers have been happy to oblige. Trouble is, almost a quarter of all FHA loans end in default.
Posts Tagged ‘Federal stimulus’
FHA steps in where Freddie Mac and Fannie Mae can’t (any longer). Help us!
January 22nd, 2010 
John Keith 
Posted in Buying a home, Federal stimulus, Latest Boston real estate news, Mortgage loans, US and world economy 
Tags: boston globe, fannie mae, federal housing administration, Federal stimulus, fha, freddie mac, Mortgage loans, scott van voorhis 
Comments OffDeveloper: development always needs a public subsidy
January 20th, 2010 John Keith Redevelopment of the Assembly Square project in Somerville, MA is on track, now that the state has committed millions of dollars in direct cost subsidies, approved plans for a new Orange Line station, and now that the federal government has contributed stimulus funds.
Posted in Federal stimulus, Latest Boston real estate news, MBTA and public transportation, Somerville Tags: assembly square, boston projects and developments, Federal stimulus, mbta, Somerville Comments OffBreaking: people without jobs can’t afford to stay in their homes
January 3rd, 2010 John Keith A study of the federal government’s mortgage loan modification program finds what many thought was already true: most people who couldn’t afford to live in their homes before their loans were modified cannot afford to live in their homes, now. While the federal government’s “kicking the can further down the road” may have helped some, and helped the US economy by keeping families in their homes, the end result is the same: these people will lose their homes, regardless.
Posted in Federal stimulus, Foreclosures, Latest Boston real estate news, Major American cities, US and world economy Tags: Federal stimulus, Foreclosures, mortgage modification, US and world economy Comments Off