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Coordinates: 29°51′43″N 95°26′46″W. Acres Homes Multi-Service Center. Acres Homes is a neighborhood located in northwest Houston, Texas. The 9-square-mile (23 km 2) mile area is loosely bounded by the city limits and West Gulf Bank Road to the north; Pinemont Drive to the south; North Shepherd Drive to the east; and Alabonson Drive to ...
The Government National Mortgage Association ( GNMA ), or Ginnie Mae, is a government-owned corporation of the United States Federal Government within the Department of Housing and Urban Development (HUD). [ 1] It was founded in 1968 and works to expand affordable housing by guaranteeing housing loans ( mortgages) thereby lowering financing ...
The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis. It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 ...
It is located within a 30-minute commute from Downtown Houston, Uptown, and George Bush Intercontinental Airport. [4] Dennie Hodge, an Inwood Forest resident and real estate broker quoted in the Houston Chronicle, [1] said that Inwood Forest is five minutes away from the 610 Loop. [4]
April saw a surge in home foreclosures, with thousands of properties repossessed nationwide.Last month saw an 8% increase in repossessions from the previous month, totaling over 2,900, despite a ...
The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, [ 1 ][ 2 ] refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks—including ...
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