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[8 Aug 2010 | One Comment | 2,652 views]
The wait is (almost) over — Rural Development program receives more funding

Mortgage bankers, homeowners and real estate agents have wondered since mid-April when – and if – the United States Department of Agriculture’s Rural Development program would receive the authority to guarantee more loans.
At the end of July, President Barack Obama signed a bill that will allow Rural Development to guarantee those loans. That’s good news for Arkansans as those mortgages are available in most areas of the state and they exist as one of the few “zero down” loans still available. By the first of August, the Mortgage Bankers Association …