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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (103026)2/1/2008 9:22:07 PM
From: Giordano BrunoRead Replies (1) | Respond to of 306849
 
Each year the government sets a limit on tax-exempt bonds for the 50 state housing programs, and $10 billion was authorized in 2007, according to the National Council of State Housing Agencies in Washington. They weren't allowed to use the funds for refinancing, and avoided even new borrowers whose credit scores put them in the riskiest subprime category, said Wendy Dolber, a housing analyst at Standard & Poor's in New York.


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