«We need to strike a balance between reducing investor risk and
providing affordable mortgage credit,» NAR President Ron Phipps said in a public statement last week.
Not exact matches
This segment also
provides construction, and land acquisition and development loans; secured and unsecured lines of
credit; interim financing arrangements; rehabilitation loans;
affordable housing loans and letters of
credit; loans for securitization; and real estate and
mortgage brokerage services.
He said that, in addition to what the APC had already done, he envisioned a time when the party would take even bolder steps by modernising national infrastructure, reviving the textile industry, carrying out agriculture reforms by giving
credit to farmers, and embarking on a
mortgage reform that will
provide affordable housing for millions of families.
For example, Canada's biggest
credit union, Vancity, currently finances an
affordable condo project in Vancouver whereby it lends 90 per cent of the purchase price while the developer
provides a 10 per cent second
mortgage with no interest and no payments.
Alaska USA
Mortgage Company, a wholly owned subsidiary of Alaska USA Federal
Credit Union, has a proud, decades - long tradition of
providing affordable home loans to active duty military families and veterans.
By
providing another opportunity to make on - time payments, an
affordable second
mortgage could actually help boost your
credit.
«Freddie Mac's HomeOne
mortgage is part of the company's ongoing efforts to support responsible lending,
provide sustainable homeownership and improve access to
credit,» said Danny Gardner, senior vice president of single family
affordable lending and access to
credit at Freddie Mac.
FHLBank Atlanta is a cooperative bank that offers competitively priced financing, community development grants and other banking services to help member financial institutions make
affordable home
mortgages and
provide economic development
credit to neighborhoods and communities.
FHA has
provided safe,
affordable access to
mortgage credit in a time when the private market abandoned housing finance.
Brown highlighted the need to protect the
mortgage interest deduction and preserve a secondary
mortgage market that ensures liquidity sufficient to
provide safe,
affordable mortgage credit to all qualified borrowers.
By doing so, they
provide a continuous flow of
affordable funds for home financing that results in the availability of
mortgage credit for low -, and moderate - income Americans.
«As expected, sales are slowing down now that the home buyer tax
credit has expired, but record - low
mortgage interest rates, along with stable and
affordable home prices in most areas,
provide opportunities for buyers who weren't able to take advantage of the
credit,» she said.
NAR believes these principles will contribute to the long - term stability of our nation's housing market and
provide consumers with access to
affordable mortgage credit, even during economic downturns.
By doing so, Fannie Mae and Freddie Mac
provide a continuous flow of
affordable funds for home financing that result in the availability of
mortgage credit for Americans.