Feds to finance billions in loans 
State and local housing finance agencies loan to first-time buyers
By Inman News, Monday, October 19, 2009.
The Obama administration has launched a program intended to help state and local housing finance agencies finance several hundred thousand mortgages for first-time homebuyers, and provide opportunities for borrowers at risk of foreclosure into more sustainable loans.
State and local housing finance agencies (HFAs) -- which before the financial crisis financed more than 3 million home purchases through the issuance of tax exempt bonds -- have been frozen out of the bond market, forcing many to suspend lending or scale back their programs and raise rates.
more...
Premium Member account.
Premium Members have full access to all news archives & premium content.
Purchase Premium+ Membership for $99/year OR
Premium Membership for $49/year
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
