Real Estate News Blog October Archive

The Federal Housing Administration Loan's Comeback Tour

By Art C Ryter at 10/02/07 02:56

Recently, though, a steep rise in foreclosures and subprime lenders filing for bankruptcy has had a negative impact on the once popular subprime loan. As the subprime loans are disappearing, the old FHA loan is now making a comeback. Most people who were familiar with the FHA loan prior to its virtual disappearance might not realize that the program as it exists today is very different.

The Federal Housing Administration has had its lending limits raised so as to help more individuals buy homes in the current high priced market. Mortgage limits vary from state to state, but they might be worth looking into if the deal is right. Hopefully loans provided by the Federal Housing Administration will be able to help those feeling the credit crunch work through the dip in the market. These loans do come with tough requirements that must be met - they are generally good things to have checked out.

Original source: . The Federal Housing Administration Loan's Comeback Tour

Long Road to Recovery for Housing Market - Greenspan

The housing market has a long way to go before stabilizing after the subprime crisis, spelling bad news for consumers in the world's biggest economy, former Federal Reserve chief Alan Greenspan said on Monday.

Housing market speculation has run rampant for the past few years. This long gamble may prove too much for those who took on too much credit risk and used their homes as personal atm machines. Forclosures remain high while interest rate changes have had little effect on the credit crunch.

Original source: . Long Road to Recovery for Housing Market - Greenspan