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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No Hazard, no problem as Chelsea hit Burnley for four

By on August 13, 2020

first_imgBurnley, United Kingdom | AFP |Chelsea proved their Premier League title credentials even without the injured Eden Hazard as goals from Alvaro Morata, Ross Barkley, Willian and Ruben Loftus-Cheek sealed a comfortable 4-0 victory at struggling Burnley to climb into second, two points behind leaders Liverpool.Hazard, who was ruled out by a back problem sustained in a 2-2 draw with Manchester United last weekend, has been Chelsea’s main source of goals in an unbeaten start to the season under Maurizio Sarri.However, the visitors were stronger than their relegation-threatened hosts in every department and perhaps the only disappointment for Sarri was that they failed to underline their dominance with further goals.After a sombre start with a minute’s silence to mark a helicopter crash that is feared to have taken the life of Leicester City owner Vichai Srivaddhanaprabha on Saturday, Chelsea soon got to grips with the business at hand.There should have been more to show for their first-half efforts than just Morata’s 22nd-minute opener, expertly guided past an exposed Joe Hart after the Spaniard was put through by a lovely slide-rule pass from midfielder Barkley in a move instigated by the ever-impressive N’Golo Kante.After conceding five goals against his former club Manchester City last time out, Hart excelled with a fine early save from Morata’s deft glancing header, while also denying the Chelsea forward from close range.When Sarri’s side eventually found a way past the former England goalkeeper, the woodwork came to their rescue as a low curled effort from Willian struck the upright.Burnley, who are struggling to mount a campaign capable of mirroring last season’s impressive seventh-place finish, threatened only sporadically, and a second successive defeat left Sean Dyche’s side an uncomfortably slender three points above the relegation zone.The hosts were largely forced onto the back foot in their attempts to keep at bay a Chelsea side for who again there was no starting place in the Premier League for Loftus-Cheek. Scorer of midweek Europa League hat-trick, Loftus-Cheek was introduced after just half an hour due to an injury to Pedro Rodriguez.Morata wasted a good chance to double Chelsea’s advantage after the restart when heading over at the near post from Willian’s cross, but the visitors didn’t have long to wait before Barkley put the game to bed by surging forward from Kante’s pass to find the bottom corner past Hart from 20 yards.That soon became three when Willian was rewarded for his efforts by cutting in from the left to find the bottom corner.France international Olivier Giroud remains without a goal this season as he blazed a good late chance narrowly wide.But Loftus-Cheek showed him the route to goal with a composed finish deep into injury time. Share on: WhatsApplast_img read more

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