In Washington DC - The U.S. Department of Housing and Urban Development hosted a Homeownership Summit with leading stakeholders in the housing community to discuss the impact of risky, high-priced loans, and actions against predatory lending and how modernizing the Federal Housing Administration During the summit, seven areas of agreement were determined for protecting and preserving homeownership:
Homeownership is still the best investment for the long-term.
Every responsible step must be taken to enable Americans to become homeowners.
Lending should be legal, fiscally responsible, and ethical.
Housing counseling is critical and borrowers must read the fine print before buying a home.
There is no place for predatory lending in the housing industry.
Modernization of the Federal Housing Administration is long overdue
A taxpayer-funded bailout will not resolve housing concerns
For the fact sheet about today's summit go to :
http://www.hud.gov/content/releases/pr07-063.pdf
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment