Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (108012)	6/11/2001 10:34:50 AM
From: Ken98	Read Replies (2) of 436258

Heinz, have you seen anything about this? <<The Federal Housing Administration has shut down its multi-family lending program because of a squabble between the mortgage banking industry and the White House over loan loss reserves. The decision has cut off funding for billions of dollars in new projects. The FHA insures loans on moderate-income apartments and has been instrumental in the development of several downtown Dallas loft housing communities. But the Bush administration has refused to authorize more reserves, and the FHA stopped doing apartment deals April 19. About 1,947 Dallas-Fort Worth apartments valued at $126.7 million have been put in limbo because of the problem, according to the Mortgage Bankers Association of America. Nationally, 53,000 apartments are on hold.>>

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