All Posts Tagged With: "homebuyer tax credit"
Prison Inmates Claimed Homebuyer Tax Credit, $28 Million in Fraud
As many potential first-time homeowners rushed to lenders in order to qualify for the Homebuyer Tax Credit, which expired in April, some behind bars were successful in filing for and receiving the credit. The United States Treasury Department released a report today declaring $9.1 million in tax credits were fraudulently claimed and received by more [...]
Stricter Guidelines Being Announced for FHA Mortgages
The Federal Housing Administration, which insured one-third of 2009 mortgages, is getting ready to announce the stricter guidelines for securing an FHA-backed mortgage loan. Since the mortgage crisis, the popularity of FHA loans rose dramatically. The loans back lenders if a borrower failed to pay. Because of the mortgage crisis, the agency is having difficulties [...]
eleven year* 