Freedom's Phoenix -- Global Edition --
"Uncovering the Secrets and Exposing the Lies"
Join us on our
Wednesday, May. 23, 2012
NEWS LINKS
Sign up
to receive the Freedom's Phoenix Headlines by Email.
HELP FUND FREEDOM'S PHOENIX!
Make a one-time or periodic contribution.
Join us on our
Share this page with your friends
News Link • Government
In D.C. loan program, mortgage defaults abound 01-15-2012
•
Washington Post
D.C. housing officials have routinely subsidized home purchases that
low-income buyers could not afford, paving the way for foreclosures,
liens and financial hardships.
Nearly one in five buyers participating in the city’s
35-year-old loan program for first-time homeowners is behind on mortgage
payments, city officials said — a default rate that’s at least three
times higher than the overall rate in the region.
Read Full Story
Reported by
Powell Gammill
•
•
Additional related items you might find interesting:
Tags: housing, officials, routinely, subsidized, purchases, income, buyers, afford, paving, foreclosures, financial, hardships, nearly, buyers, participating, city’s, program
Freedom Forum News Links Feature Articles Opinions Reference Links Writers Front Page About Us Contact Us Link To Us Terms of Use Privacy Policy Writer Log-in FreedomsPhoenix.com
