The FHA Has Recently Announced That It Will Begin Offering Mortgage Insurance to Troubled Borrowers
The Federal Housing Administration (FHA) has recently announced
that it will begin offering mortgage insurance to troubled borrowers. Those who
may have lost their homes through a foreclosure or short-sale or who may have
filed for bankruptcy would have to be able to prove they are no longer
financially challenged and meet other requirements set forth by the
FHA.
The recovery in housing has propelled earnings by home improvement retailer Home Depot as the company reported better than expected quarterly earnings and raised its forecast for full year earnings and revenue expectations. Home Depot earned $1.24 a share, better than the $1.21 expected.
The National Retail Federation predicts that families across the nation will spend an average of $634.78 on back to school items such as apparel, shoes, supplies and electronics. It is expected that total back-to-school, which includes college, spending should hit $72.5 billion this season. Elementary and middle school school parents are expected to pay a 5.3% increase in 2013 from 2012 and will see a 9.5% increase for high school students.
The recovery in housing has propelled earnings by home improvement retailer Home Depot as the company reported better than expected quarterly earnings and raised its forecast for full year earnings and revenue expectations. Home Depot earned $1.24 a share, better than the $1.21 expected.
The National Retail Federation predicts that families across the nation will spend an average of $634.78 on back to school items such as apparel, shoes, supplies and electronics. It is expected that total back-to-school, which includes college, spending should hit $72.5 billion this season. Elementary and middle school school parents are expected to pay a 5.3% increase in 2013 from 2012 and will see a 9.5% increase for high school students.
hose who may have lost their homes through a
foreclosure or short-sale or who may have filed for bankruptcy would have to be
able to prove they are no longer financially challenged and meet other
requirements set forth by the FHA.
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