Feb
03
Would-be homebuyers could get a helping hand from the city’s Community Development Block Grant program.
via Council creates new down payment program | Superior Telegram | Superior, Wisconsin .
Archive
Posts Tagged ‘developer’
Feb
02
EL PASO — The U.S. Department of Housing and Urban Development announced Friday it will award $4 billion in grants to more than 250 cities and counties, including El Paso, to purchase foreclosed homes and help low-income buyers, according to a report in the San Antonio Express-News.
via HUD grants to help reverse foreclosures – El Paso Times.
Jan
28
From guest contributor: Josh Fuhrer – chasingdirt.com
Is it Time to Buy Bank of America and CitiBank Stock?
I wrote recently about why buying up cheap Fannie Mae and Freddie Mac stock is a good idea right now for long-view investors. Briefly, the US Treasury Dept partially nationalized these firms, essentially guaranteeing that they won’t be allowed to fail.
Eventually the federal government will re-privatize these companies, and when they do, it will signal a bellwether in the lending landscape that will mark the official ratification of “the turnaround.” It won’t happen for awhile yet, but when it does, investor confidence will be higher than it is today, and private equity will again flow into these entities, sending their stock prices up significantly. You can read the entire theory here.
