FDIC in a press released announced that it would sponsor an upcoming forum centered on mortgage lending for low and moderate-income households.
The release mentioned a Census Bureau report that shows that 68% of Americans now own a home however this number decreases as income levels decrease. The drop is 51% for those who earn less than the median income level to a significantly lower 41% for those at the bottom of the wage earners in the country.
The FDIC believes that the current mortgage mess will only increase the percent of homeowners who will not be able to purchase a home.
The forum will be held in Virginia on July 8th. For more information here is the complete press release.
Related Florida real estate views:
FDIC Chairman, Sheila C. Bair sees no end to housing woes
FDIC offers suggestions to obtain the best mortgage terms
- Greg Staker Watson Realty Corp. 407-304-0255
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