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Investors seeing a chance to profit from the risky loans include chase coleman’s Tiger Global Management LLC, early Facebook Inc. backer Accel Partners and Doug Naidus, a former head of mortgages.
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Stevens, President and CEO of the mortgage bankers association. President and CEO of ValueBank Texas in Corpus Christi. “This legislation has strong bipartisan support for good reason-it will ease.
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The down payment assistance will be in the form of a deferred forgivable loan at zero percent interest amortized over a 5-year period and forgiven at $2,000 per year. All properties in the program must have a value that does not exceed a sales price of $166,000. The home must be located within the city limits of Corpus Christi.