HUDs government-insured mortgages: The problem of property flipping

hearings before the Permanent Subcommittee on Investigations of the Committee ... session, June 29 and 30, 2000 (S. hrg) by United States

Publisher: For sale by the U.S. G.P.O., Supt. of Docs., Congressional Sales Office

Written in English
Published: Pages: 316 Downloads: 720
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The Physical Object
Number of Pages316
ID Numbers
Open LibraryOL7379462M
ISBN 10016061144X
ISBN 109780160611445
OCLC/WorldCa45286809

HUDs government-insured mortgages: The problem of property flipping by United States Download PDF EPUB FB2

HUD's government-insured mortgages: the problem of property "flipping": hearings before the Permanent Subcommittee on Investigations of the Committee on Governmental Affairs, United States Senate, One Hundred Sixth Congress, second session, June 29 Terms were difficult to meet for homebuyers seeking mortgages.

Mortgage loan terms were limited to 50 percent of the property's market value, with a repayment schedule spread over three to five years and ending with a balloon payment.

America was primarily a nation of. The property must be a primary residence or rented out to personal friends of the applicant. On a primary residence or single-unit rental property, the mortgage loan amount must equal $, or less. On a 2-unit rental property, the home financing amount must be $, or less.

O Scribd é o maior site social de leitura e publicação do mundo. CE for Florida RE Prof, 12e_Full Book - Free ebook download as PDF File .pdf), Text File .txt) or read book online for free. Just how many mortgages are originated each year that are used to fund either a vacation home or an investment property is unclear.

Estimates range from 5 percent to 20 percent. NAR ofcialswho always like to put a positive spin on the numberspoint out that the typical vacation home buyer is 55 years old with an annual income of $71, which.