Fannie and Freddie Restart Risky 'Affordable Housing' Programs

HomePath Ready Buyer Program Has Risks

The new HomePath Ready Buyer Program, lets first-time homebuyers get up to a 3% rebate of a home’s purchase price if they buy a Fannie Mae property, so long as they complete an online homebuyer education course which costs $75.00. In addition to the 3% rebate, Fannie Mae will refund the cost of the homebuyer education course. […]

Bank of America launches Down Payment Resource Center to help prospective buyers

Bank of America Down Payment Resource Center

Bank of America announced the launch of its new web-based tool to guide consumers to down payment and closing cost assistance programs available in their region. The Bank of America Down Payment Resource Center is powered by Down Payment Resource™, developed by Atlanta-based Workforce Resource. RELATED LINK: Down Payment Resource Center

Neighborhood Lift

The NeighborhoodLift is a collaborative program between NeighborWorks America ( a nonprofit organization), Wells Fargo Foundation and Fargo Bank, N.A. The program is designed to assist home buyers in areas that were worst hit by the financial crisis in making down payments and getting home buyer education. The program was developed in 2012. Depending with […]

Wells Fargo Down Payment Assistance Program

With the recent economic crisis in our nation, came a decline in home ownership. People who would once take out mortgages and commit to being a part of a neighborhood become transient renters, who are much less likely to contribute to creating a stable community in their area. This is not a desired outcome for […]