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Terri L Ewing
"Mortgage Advice You Can Use"
- 1 Answer
- 35 Blog posts
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Partner for Mortgage Insider Media LLC
December 2007—present
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As a 10 veteran of the mortgage industry, I am dedicated to restoring the integrity of the mortgage process through educating both mortgage consumers,
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Terri L Ewing answered:
The "down payment assistance" programs you are interested in were outlawed by the recent bills passed for stimulus and bank bailouts.
Congress was persuaded that down payment assistance brought "unqualified" buyers into the market and that is exactly what we don't need to be incentivizing in the middle of a foreclosure crisis.
You can read more here...
New Mortgage Bill Will Turn FHA Into Subprime Dumping Ground
Congress was persuaded that down payment assistance brought "unqualified" buyers into the market and that is exactly what we don't need to be incentivizing in the middle of a foreclosure crisis.
You can read more here...
New Mortgage Bill Will Turn FHA Into Subprime Dumping Ground
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