Home Front

A blog about the economy and the Sacramento-area real estate market.

Three weeks shy of an Oct. 1 deadline to ban seller-funded down payment assistance, this article in Inman News suggests it might not happen, after all.

 There's a compromise in the air that would allow it for borrowers with credit scores between 620 adn 680 - if they pay extra mortgage insurance premiums.

Those with credit scores below 620 would have to wait until 2009 to use the program. Details are in the story.

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November 2008

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