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FDIC’s ‘America Saves Week’ Could Help Many Consumers Achieve Homeownership

By on May 31, 2021

first_img Related Articles February 16, 2015 1,154 Views Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News America Saves Week FDIC Finances Homeownership 2015-02-16 Brian Honea Tagged with: America Saves Week FDIC Finances Homeownership Share Save Previous: Economist: Leverage Plays Major Role in Driving Foreclosures Next: DS News Webcast: Tuesday 2/17/2015 FDIC’s ‘America Saves Week’ Could Help Many Consumers Achieve Homeownership Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland.  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Brian Honea The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / FDIC’s ‘America Saves Week’ Could Help Many Consumers Achieve Homeownership With a little help from the Federal Deposit Insurance Corporation (FDIC), American consumers can overcome the single biggest obstacle to homeownership – saving for a down payment – and increase their savings to a level that will allow them to finally own a home.The FDIC has designated the week of February 23 through 28 as America Saves Week, dedicated to helping Americans invest in their financial future. The FDIC and is providing resources throughout the week to help consumers reach their goals.”Saving money on a regular basis in a federally insured financial institution is a proven way to safely and steadily reach your financial goals,” FDIC Chairman Martin J. Gruenberg said. “Whether you are opening your first savings account or have had one for a while, during America Saves Week I encourage you to establish a regular contribution to an insured account. You might be surprised how the habit of regular savings—even in small amounts—can help you make progress to a stronger financial future.”The recent lowering of the FHA mortgage insurance premiums down to 0.85 percent and the FHA lowering the down payment for qualifying homeowners down to 3 percent could make homeownership a reality for many Americans who previously could not afford a 20 percent down payment or perhaps they got into a home but could not sustain the monthly mortgage payments. FDIC will help out during America Saves Week by encouraging Americans to make a strong commitment to savings and then provide consumers with tools, ideas, and other resources such as educational resources that will help consumers evaluate their options and move them toward their savings goals.One of the ideas FDIC is pushing in particular is saving through automated means (i.e. through regularly scheduled deposits into a savings account).The timing for America Saves Week could not have been better for aspiring homeowners who are about to receive an income tax refund. Freddie Mac reported on its blog last week that eight out of 10 Americans who file will receive a tax refund, and the average refund will be $3,539, which would make up a sizeable portion of the down payment with the lowered requirements. It could also be put toward closing costs, which average about $2,500, according to Freddie Mac.”Depending on their credit history and other factors, many borrowers can expect to make a down payment of about 5 to 10 percent,” Freddie Mac wrote in the blog. “And new 3 percent down financing options for qualified borrowers could mean a down payment as little as $6,000 for a $200,000 home.” Subscribelast_img read more

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Conservative party lifted by gay issue

By on September 27, 2020

first_imgNZ Herald 11 Sep 2012The Conservative Party has had a bump in the polls following Parliament’s passing of the first reading of a bill to legalise gay marriage, the latest Herald-DigiPoll survey shows.The Conservatives would not make it to Parliament on its 1.5 per cent rating (up from 0.5), but if the threshold of the party vote is lowered from its current 5 per cent to 4 per cent under reforms to MMP before the next election, it has to rise only 2.5 percentage points to make it into Parliament with several MPs.Albany-based leader Colin Craig does not register at all in the preferred Prime Minister stakes.The party launched only last year, polled 2.65 per cent at the election, then pretty much dropped away until recently.Under the lowered threshold it would have to do only 1.35 percentage points better than last time to get into Parliament.Mr Craig has been leading the opposition outside Parliament against Louisa Wall’s private member’s bill to legalise same-sex marriage.http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10833189last_img read more

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