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
Showing posts with label low income home buyers. Show all posts
Showing posts with label low income home buyers. Show all posts
Mar 25, 2008
SHIP assists low income Osceola buyers with home purchase
Assistance is based on the availability of funds for low and very low income in Osceola County. Income limits effective March 2008.Related Florida real estate views:
Buyers are choosing fixed rate mortgages
Obtain an FHA home loan when buying your next home
Buying a short sale home in Kissimmee
- Greg Staker - Watson Realty Corp. - 407-304-0255
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