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...additional 2.2 million to 2.4 million will take advantage of it this year, according to Lawrence Yun, chief economist with the National Association of Realtors. Approximately 800,000 of the transactions have involved home purchases that would not have been made without the credit, Yun estimates. (See high-end homes that won't sell...

Author: /time Magazine | Title: Get Ready for a Painful 'Hockey Stick' Housing Recovery | 3/26/2010 | See Source »

...mortgages insured by the Federal Housing Administration (FHA), fully backed by the government. In the past, loan modifications under the $50 billion federal Home Modification Program (HAMP) involved primarily reducing interest rates or lengthening the term of the mortgage, and most did not entail a government guarantee. (See high-end homes that won't sell...

Author: /time Magazine | Title: Obama's New Foreclosure Plan Gets Mixed Reviews | 3/26/2010 | See Source »

...mortgage payments, live in the home, have a FICO score of at least 500 and qualify for a standard FHA-backed loan once the principal is reduced. Those who get a modified loan must make full monthly payments for three years for the principal to be reduced permanently. The high standards for these loan modifications suggest that the Administration hopes to head off another wave of loan defaults and foreclosures by providing help earlier in the process...

Author: /time Magazine | Title: Obama's New Foreclosure Plan Gets Mixed Reviews | 3/26/2010 | See Source »

Quincy boasts some delicacies. At 8:30 pm, cocoa rice krispies bars, pistachio muffins, bread, and bagels were abundant, as were high-quality cream cheese packets. HUDS bread rolls completed the spread. The standard coffee and drink machines were operational...

Author: By Derrick Asiedu, CRIMSON STAFF WRITER | Title: The Most Important Meal Of The Day: FlyBy Does Brain Break | 3/26/2010 | See Source »

...Emmons believes that her office will be able to help the school maintain their high success rate in NIH grant awards, with 30 to 40 percent of proposals receiving federal funding...

Author: By Xi Yu, CRIMSON STAFF WRITER | Title: New HSPH Office To Help Research Proposal Process | 3/26/2010 | See Source »

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