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Loan Modification

: Mortgage Lender Implode-o-Meter

First Time Home Buyer Program Ripe for Abuse

By Implode-Explode Heavy Industries

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``When U.S. Housing and Urban Development Secretary Shaun Donovan announced last week that first-time homebuyers soon will be permitted to turn their $8,000 tax credit for purchasing a property into downpayment money, he called the development ?exciting? and ?a real win for everyone.? But his enthusiasm isn?t universal.''

Full post as published by Mortgage Lender Implode-o-Meter on May 21, 2009 (boomark / email).

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