Housing shouldn’t look at any color but the color of money

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling
W S

Government tosses lifeline to homebuyers

Changes lending rule

life rafts
/ Print / Reprints /
| Share More
/ Text Size+

The government is throwing a lifeline to borrowers who lost their homes due to the recession, in an attempt to widen the pool of potential borrowers.

Per The Wall Street Journal:

A recent rule change lets certain borrowers who have gone through a foreclosure, bankruptcy or other adverse event—but who have repaired their credit—become eligible to receive a new mortgage backed by the Federal Housing Administration after waiting as little as one year. Previously, they had to wait at least three years before they could qualify for a new government-backed loan.

Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus