Relevant:
- 30% of FHA Foreclosures Linked to Downpayment Assistance
- Risky Mortgage Program Resurfaces in Congress
- Homebuilders Still Hampered by Appraisal Inaccuracies and Lack of Financing Options
- Congressional Research Service Gives Thumbs-Down To FHA Seller-Funded Downpayment Assistance
- Fitch softens outlook for homebuilders
2008-08-25 — bakersfield.com
Call it the last gasp of no-money-down. In recent weeks, homebuilders have loudly advertised zero-down options at entry-level tracts around Bakersfield. That’s because a seller-funded program — one widely used during the recent boom — is slated to end Oct. 1.
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