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"This year's sub-prime mortgage bust has done a lot of damage in a short period of time to the U.S. housing industry and the economy as a whole. And the Washington and Maryland area has been just as affected.
In Maryland, for example, home foreclosures tripled in the first seven months this year to more than 9,000 compared to about 2,500 at the same time in 2006.
But, in the midst of the misery there are still some bright spots. Even as mortgage lenders make things tougher and low- and moderate-income home buyers, there are two programs that are helping them continue to buy homes."
The Afro American Newspaper
In Maryland, for example, home foreclosures tripled in the first seven months this year to more than 9,000 compared to about 2,500 at the same time in 2006.
But, in the midst of the misery there are still some bright spots. Even as mortgage lenders make things tougher and low- and moderate-income home buyers, there are two programs that are helping them continue to buy homes."
The Afro American Newspaper
