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NACA demands help with mortgage modifications on Capitol Hill

NACA members from the state of Maryland went to Senator Barbara Mikulski's office at the Capitol Hill on July 27, 2010, to advocate for ...

Legal and General launches affordable house building arm



The business will be a subsidiary of its Legal & General Capital arm which invests into sectors where there has been a shortage of investment and innovation, focusing on growth opportunities and scale ups.

An L&G spokeswoman confirmed that the organisation would be using its modular homes business to deliver some of the demand, along with other external builders.

“We are strongly supportive of the underlying need for modern approaches to house building and we will be working both with internal teams and also identifying best in class external partners to realise the ambitions for this business,” she said.


Evolution of sector

L&G said the new business will “lead the evolution of the affordable housing sector with an aim to become the leading private affordable housing provider in the UK”.

It noted that the UK continues to have a chronic shortfall of over 100,000 homes per year with this being particularly stark in the affordable housing sector.

Freddie Mac Announces the Home Possible® RISE(SM) Awards

Loans across various categories.

“We’re proud to partner with our customers and the individual originators to help more Americans finance their dream homes using our affordable lending mortgage solutions,” said Danny Gardner, senior vice president of single-family affordable lending and access to credit at Freddie Mac. “Award winners represent institutions of all sizes, not just the greatest volume producers, who make home possible for our nation’s families. This program also demonstrates Freddie Mac’s commitment to Home Possible, and allows us to highlight its success in the marketplace over the past few years.”

The Home Possible RISE Awards program combines volume from Home Possible and Home Possible Advantage mortgage options. Lenders must be active Freddie Mac Seller/Servicers, and correspondent lenders and brokers must originate through those Seller/Servicers.

For the inaugural awards, Freddie Mac reviews data from the prior year (2017), and awards the top organizations among several categories including, total volume, fastest growth, correspondent volume, broker volume, and education. Within each winning organization, the top individual originators will also be recognized. Winners will be announced next month. Freddie Mac will highlight the stories behind the success of how the winners made home possible for so many families across the nation.

Is there a point to having a barely affordable mortgage...?

and living in a nice house in a good area, but you know that if anything were to go wrong you would not make the payments. Any solutions? The cost of houses is ridiculous these days, it's hard enough getting a house in any area let alone a nice one.

I agree with your answers, but I just went mad last year, and rented out my house to totally pay off the mortgage, and stayed on my small boat in the meantime.
Result ?