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Loan Modification
: Mortgage Lender Implode-o-MeterProgram to help rural home buyers is nearly broke
By Implode-Explode Heavy Industries
"A federal loan program that has helped hundreds of thousands of Americans buy homes in rural areas is about to run out of money, potentially crippling the real estate market in many small communities.
Since last fall, the loans from the Department of Agriculture have fueled much of the real estate business in some parts of the country. Real estate agents are pleading with Congress to find a way to keep the money flowing until more funding becomes available later in the year."
Full post as published by Mortgage Lender Implode-o-Meter on April 14, 2010 (boomark / email).
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