A pesky program that the Department of Housing and Urban Development has fought to end resurfaced again in Congress with a bid to restore seller-funded downpayment assistance programs. A bill introduced in early 2009 by Rep. Al Green, D-TX, would restart the program, which allows nonprofit groups to donate the 3.5 percent downpayment requirement to low-income borrowers so they can qualify for...
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
News Tailored to Your Needs
Get Focused Coverage
Inside Mortgage Finance's newsletters break the mortgage market down so you get the news and data you need most, whether it's total industry coverage or just the news related to securitization, regulation, profits or other specific topics.