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Recovery Act: Tax Debtors Have Received FHA Mortgage Insurance and First-Time Homebuyer Credits
Recovery Act: Tax Debtors Have Received FHA Mortgage Insurance and First-Time Homebuyer Credits
 
Our Price: $20.00
By Gregory D. Kutz (au)
Year: 2012
Pages: 46
Binding Paperback
ISBN 978-1-4578-3519-3

Product Code: 1457835193

Description
 
Under a Recovery Act provision that increased mortgage insurance loan limits, the Federal Housing Administration (FHA) insured $20 billion in mortgages for 87,000 homeowners. The Recovery Act also provided for the awarding of an estimated $12 billion of  First-Time Homebuyer Credits (FTHBCs) to 1.7 million individuals. This report determined the (1) extent to which tax debtors benefited from the Recovery Acts provisions for increased FHA loan limits and the FTHBC; and (2) challenges, if any, FHA faces in preventing ineligible tax debtors from receiving mortgage insurance. Figures. This is a print on demand report.

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