Wednesday, October 24, 2007

Nonprofits fight ban on home loan `gifts' (The Charlotte Observer)

The government next week will close a home-financing loophole it says has contributed to foreclosures and has put a federal housing assistance program in jeopardy. Yet it will be business as usual for two nonprofit organizations whose core mission is to help sellers funnel down payments to buyers. The U.S. Department of Housing and Urban Development granted AmeriDream Inc. and Nehemiah ...

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[Source: Yahoo! News Search Results for housing loan]

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