FeedRE

Real Estate News Feeds

GMAC Real Estate unites with Real Living

By Inman_News • Nov 11th, 2009 • Category: Real Estate News

Canada-based Brookfield RPS continues U.S. expansion

read more

Full article: GMAC Real Estate unites with Real Living ...

Tagged as:

Related posts:

Advertising

10
Category: Real Estate News
  • FHA Commissioner: Raising the Down Payment Requirement Would Hurt Housing Recovery
    Increasing the minimum down payment required for a Federal Housing Administration (FHA) loan from 3.5 percent to 5 percent could be a double whammy, affecting both potential homebuyers and the economy as a whole according to David H. Stevens, FHA Commissioner. At the same time, a lower loan to value ratio (LTV) by itself is not a particularly good indicator of buyer risk. In a statement prepared for a hearing Thursday afternoon by the House Financial Services Subcommittee on Housing and Community Opportunity, the Commissioner said if the agency raised the minimum down payment to 5 percent "as some have suggested," it would adversely impact the housing market recovery. The agency has conducted an evaluation of the loan files of a large sample of recent loans to identify homeowners...(read more)

    Forward this article via email:  Send a copy of this story to someone you know that may want to read it.