Not too late to speak out over housing help - WALB.com, Albany News, Weather, Sports

Not too late to speak out over housing help

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Americus student honored in statewide design contest

    Americus student honored in statewide design contest

    Saturday, April 19 2014 7:59 PM EDT2014-04-19 23:59:05 GMT
    Indira Zelaya, a fourth grader from Sarah Cobb Elementary School in Americus, was honored in Atlanta recently for her artwork supporting Georgia's manufacturing industry.  She was nominated by South GeorgiaMore >>
    Indira Zelaya, a fourth grader from Sarah Cobb Elementary School in Americus, was honored in Atlanta recently for her artwork supporting Georgia's manufacturing industry.  She was nominated by South Georgia Technical College.More >>
  • Swimming pool destroyed after storm

    Swimming pool destroyed after storm

    Saturday, April 19 2014 7:32 PM EDT2014-04-19 23:32:11 GMT
    An Albany man arrived home to find his pool completely destroyed. He's not sure what happened, but the wall caved in and the concrete cracked. He says he's had the siding redone several times.More >>
    An Albany man arrived home to find his pool completely destroyed. He's not sure what happened, but the wall caved in and the concrete cracked. More >>
  • Manhole overflowing at Lenox Dr. and W. Oglethrope

    Manhole overflowing at Lenox Dr. and W. Oglethrope

    Saturday, April 19 2014 7:24 PM EDT2014-04-19 23:24:01 GMT
    Be careful if your traveling near the intersection of Lennox Drive and West Oglethrope Ave. A manhole is overflowing releasing nearly 25 gallons of water a minute. City officials says the undergroundMore >>
    Be careful if your traveling near the intersection of Lennox Drive and West Oglethrope Ave. A manhole is overflowing releasing nearly 25 gallons of water a minute. More >>

August 16, 2007

Albany - - In the market for a new home? It's getting harder for many people to qualify for a mortgage.

Late payments and defaults on mortgages are at their highest level in more than five years . That's causing problems for lenders and potential home buyers.

Additionally, the federal government is considering doing away with down payment assistance for potential homeowners through it's FHA loan program. A public comment period for people with concerns to speak out about the issue ended, but housing advocates say that doesn't mean you can't weigh in.  

"I encourage the people in Georgia to call their representatives and call their senators and activate them. Let their representatives and senators know that they support down payment assistance, they do not want to see down payment assistance go away and they recognize the value of it. I think that will help the members to act because as you know members want to hear from their constituents and that's why they're in congress," says Ann Ashburn, President of AmeriDream.

Ashburn says 94 percent of people who get help from FHA down payment assistance remain home owners and don't run into foreclosure problems down the road.

Feedback: news@walb.com?subject=downpayment/bs

Powered by WorldNow