First-time homebuyers made up 79.0 percent of all FHA-insured purchase mortgages in fiscal 2009, a small increase over last year’s total. In fiscal 2008, first-time homebuyers made up 77.9 percent of FHA purchase-money loans, but the share returned to the levels seen in 2006 and 2007, 79.3 percent and 79.5 percent, respectively, according to the Department of Housing and Urban Development’s fiscal 2009...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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