Where are the First-Time Homebuyers? American Mortgage Conference Meets in Raleigh

Julie C. Nichols General

Reblogged from: WUNC – Leoneda Inge

Bankers, credit officers and policy makers are in Raleigh this week for the American Mortgage Conference, presented by the North Carolina Bankers Association. They say financing home ownership remains at a crossroads.

One of the housing finance initiatives that will be discussed at the conference is the 15 year Wealth Builder Loan for first time homebuyers.

Joseph Smith is Monitor of the National Mortgage Settlement and chairman of the conference. Smith says the Wealth Builder Loan is a re-casting of the original 15 year loan to allow for a quicker pay down of equity.

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