Downpayments, Tax Credits and Foreclosures: the Stats

A new Federal Housing Administration program to subsidize homebuyers’ closing costs directly with federal tax credits — instead of making the buyers wait to file a tax return — is drawing some heat. Critics say subsidizing downpayments and ..., more 
and AP: FEMA May Put Storm Victims in Foreclosed Homes - The Ledger  Officials told AP on Tuesday that it is an effort to find some benefit in the foreclosure crisis and keep people close to their homes and communities instead of scattering them around the country, which happened when Hurricane Katrina devastated New ..., more 
and Editorial: Avoiding foreclosure - Dallas Morning News  A local college professor lost his job, soon fell four months behind on his mortgage and was in danger of losing his home. A Dallas woman who had missed six months of mortgage payments because of a major family illness had lenders knocking at her ..., more