Consequences of DPA Ban

Recent News

Recent news articles show that the elimination of downpayment assistance (DPA) on October 1st, 2008 has had a broad ripple effect on the entire economy. Creating opportunities for sustainable homeownership will be a cornerstone to strengthening a crumbling housing market and breathing life back into the economy.

March 12, 2009
February's Top 10 Foreclosure States
By: Maurna Desmond - Forbes.com

March 12, 2009
Job Losses Hit Home: Unemployment Rise Hurts Housing Values
By: Amy Reeves - Investor's Business Daily

March 11, 2009
Four states' unemployment rates above 10%
By: Julianne Pepitone - CNNMoney.com

March 10, 2009
Shilling: U.S. Close to Depression
By: Dan Weil - moneynews.com

March 9, 2009
Buffett says economy fell off cliff
By: Jonathan Stempel - Reuters

March 7, 2009
A Gloomy Outlook for Home Sales’ Big Season
By: Vikas Bajaj - The New York Times

March 6, 2009
Pink Slips Pile Up In February
By: Maurna Desmond - Forbes.com

March 5, 2009
Job Data Expected to Point to a Deeper Recession
By: Peter Coy - Business Week

March 4, 2009
U.S. Economy Weakened in January, February, Fed Says
By: Scott Lanman - Bloomberg

March 3, 2009
Pending home sales hit record low
By: Julianne Pepitone - CNNMoney.com

March 3, 2009
US January construction spending at 4-year low
By: Reuters

February 27, 2009
Economy shrinks at fastest pace in 26 years
By: Jeannine Aversa - Associated Press

February 26, 2009
667K new jobless claims; continuing claims top 5M
By: Christopher S. Rugaber - Associated Press

February 26, 2009
New home sales plunge 10.2% to record low
By: Rex Nutting - MarketWatch

February 25, 2009
Home Sales at Slowest Pace in More Than a Decade
By: Jack Healy - The New York Times

February 25, 2009
Gov't says 'mass layoffs' soared in January
By: Christopher S. Rugaber - Associated Press

February 25, 2009
January existing home sales fall by 5.3 percent
By: Alan Zibel - Associated Press

February 24, 2009
Consumer confidence plummets to new low in Feb.
By: Anne D'innocenzio - Associated Press

February 24, 2009
Home prices post record annual decline in 4Q
By: J.W. Elphinstone - Associated Press

February 24, 2009
Bernanke: Economy In Severe Contraction
By: moneynews.com

February 18, 2009
Housing starts plummet to lowest on record
By: David Goldman - CNNMoney.com

February 12, 2009
U.S. mortgage applications slump to 8-year low
By: Lynn Adler - Reuters

February 10, 2009
Fewer job openings, more layoffs
By: Julianne Pepitone - CNNMoney.com

February 9, 2009
US home prices to hit bottom at year-end: study
By: Yahoo News

February 5, 2009
Jobless claims surge to 626,000, highest since 1982
By: Greg Robb - MarketWatch

February 4, 2009
Record 19 Million Empty Homes
By: Greg Brown - moneynews.com

February 4, 2009
Companies bleed jobs, service slump slows
By: Burton Frierson - Reuters

February 4, 2009
Planned layoffs in January hit 7-year high
By: John Parry - Reuters

February 3, 2009
2008 foreclosure filings set record
By: Stephanie Armour - USA Today

February 3, 2009
More families move in together during housing crisis
By: Stephanie Armour - USA TODAY

January 30, 2009
New-Home Sales Set Record Low Last Year
By: Renae Merle - Washington Post

January 29, 2009
U.S. New-Home Sales Fell in December to Lowest Level on Record
By: Bob Willis - Bloomberg

January 29, 2009
Unemployment Benefit Rolls in U.S. Soar to Record
By: Courtney Schlisserman - Bloomberg

January 27, 2009
Unemployment sweeps nation
By: Tami Luhby - CNNMoney.com

January 22, 2009
Housing starts end 2008 off 33% from '07; jobless claims rise
By: Jeannine Aversa - USA TODAY

January 21, 2009
Home Builder Sentiment Sinks to New Low
By: MoneyNews.com

January 19, 2009
Equality gaps evident amid housing crisis
By: Alan Zibel - Associated Press

January 15, 2009
Foreclosures Soared 81 Percent in 2008
By: MoneyNews.com

January 6, 2009
Economic Slump Weakens Pending Home Sales
By: Walter Molony - National Association of REALTORS®

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