Program to Help Home Buyers With Down Payments Nears End

USA Today, August 27, 2008

In a few weeks, a financing option used by nearly 20% of new home buyers to build a down payment will go away, making it harder for many people to afford homes. It's a loophole in the Federal Housing Administration rules that let builders and other home sellers channel money through a charity to help buyers cover their down payment.

For entire article, go to:  http://www.usatoday.com/money/economy/housing/2008-08-26-builder-incentives-new-homes_N.htm

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