FHA WEEKLY UPDATE
FHA Secure Expansion
In
a two-day hearing on proposed housing legislation, the FHA discussed
proposed expansion of FHASecure, as well as the details of the new
housing bill. FHA’s budget has recently taken a hit because of the
assistance it has provided to homebuyers making down payments, as the
loans that have been given to these homebuyers have seen high
delinquency and foreclosure.
Month of March Met Significant Declines in New Construction
According to a report by MSNBC,
new home building projects started during the month of March declined
by 11.9%, a rate that was lower than expected. Furthermore, building
permit activity, which often denotes construction plans...
Seven Reasons to Welcome a Recession
Recessions breed fear. It's only natural. A slowdown in production
at companies can result in layoffs and restructuring. People fret about
their jobs and worry that it will be much more difficult to find new
employment if they are let go. These are understandable concerns. But for contrarians and bargain hunters, recessions provide a world of opportunities.
Here are seven ways that a recession can actually benefit your personal finances:
Affordable Housing Options for Buyers
Low Mortgage Rates
Great Consumer Deals
Inexpensive Stocks
Great Travel Deals
Streamline your Finances
Lower Credit Card Rates
| Symbol | Price | Change | % Chg |
| AAPL | 194.12 | -1.34 | -0.69% |
| BAC | 14.48 | -0.52 | -3.47% |
| CIT | 30.61 | -0.14 | -0.46% |
| FRE | 1.16 | unch | 0.00% |
| FNM | 0.99 | 0.02 | 2.06% |
| DOW | 26.18 | -0.34 | -1.28% |
| NDAQ | 18.05 | -0.75 | -3.99% |
Quotes are by IDC Comstock and are delayed 20 minutes.
Fund prices are from Morningstar. |