(TNS)—The regulator for bailed-out housing finance giants Fannie Mae and Freddie Mac told lawmakers Tuesday that new programs to back mortgages with down payments as low as 3 percent had enough safeguards to make them as safe as loans with higher down payments. Melvin L. Watt, director of the Federal Housing Finance Agency, faced sharp criticism from Republicans at a three-hour House hearing that he …

Fannie Mae, Freddie Mac Regulator Defends 3% Down Payment Mortgages Read more »

Homes come in all shapes and sizes. They come in all types of designs and floor plans. They also come in all sorts of condition. Some are like magazine covers and some are more like a bad dream after a hurricane. Most are somewhere in the middle and we would like to buy them but they need our own special touch to make them our …

USHUD and Property Conditions Read more »