Archive

Posts Tagged ‘housing mortgage’

Maine Offers Energy Star Manufactured Home replacement plan for pre-1976 Mobile Home owner/residents

August 26th, 2013 Comments off

maine-state-housing-authority-MaineHousing’s tells MHProNews about their pre-1976 Mobile Home Replacement Initiative, which provides income-eligible Maine residents with an opportunity to replace the pre-1976 mobile home they own and occupy as their primary residence with a new Energy Star-certified manufactured home. The initiative combines an amortizing, interest-bearing MaineHousing mortgage loan with a $30,000 MaineHousing grant to be used to help get residents into a new energy-efficient home in the same location where they currently live. Down payment and closing cost assistance is available through MaineHousing’s Advantage option. MaineHousing spokesperson Deborah Turcotte told Maine PBN that “Persons interested in this program may meet with one of our partners throughout the state – the list is on our Web site – to get the process rolling.” ##

(Image credit: MaineHousing logo)

White House Plans for Housing Mortgage Reform

February 13th, 2011 Comments off

On Feb.  11 the Obama Administration offered a plan to reform the mortgage finance industry. It would involve shrinking Fannie Mae and Freddie Mac at 10 percent per year, requiring a down payment of at least 10 percent for Fannie and Freddie loans, and making other changes to help increase private sector borrowing. According to MHI Week In Review, other flaws in the finance housing market to be addressed include increased consumer protection, more transparency and accountability on the part of mortgage securitizers and originators, and establishing national standards for mortgage servicing. In addition, the plan calls for greater support for affordable home ownership through FHA, USDA and the Veteran’s Administration, as well as affordable rental property. A Republican member of Congress says he is encouraged by this proposal that returns the housing market to private capital.