Down Payment Bond Assistance Programs
posted by WeKnowBrevard Blog @ 9:44am, Wednesday 15 October 2008.
Florida Bond Program Information: For those of us who have embraced Florida Bond . . . one of the last down payment assistance programs is now in jeopardy of running out of funds once the Series 3 is depleted. We know that the bond programs are the only source of down payment assistance in many areas. None of the new bond programs have been able to begin because there are no buyers for these bonds.
For most of the 2000's, Fannie Mae and Freddie Mac were the major or only buyers of mortgage revenue bonds. That is no longer true. They arent buying and there are no other investors.
The effects of the finanical market turmoil is starting to show. Stay Tuned.
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