...dependent, real estate taxes on the principal residence, and other allowable deductions. If the "adjusted income" is less than 80 percent of the median income for the area, the family may take advantage of the cancellation feature; A. The amount of monthly payment of...

...loans as compared to government-backed loans. Second, even though we would expect government-backed mortgages to appeal to individuals buying homes in...moderate-income areas were conventional loans and only 3O percent were government-backed loans (primarily FHA). More alarming is the overall decline in the...

...loans as compared to government-backed loans. Second, even though we would expect government-backed mortgages to appeal to individuals buying homes in...percent of the approved loans reported in low- and moderate- income areas were conventional loans and only 30 percent were government-backed loans (primarily...

...loans as compared to government-backed loans. Second, even though we would expect government-backed mortgages to appeal to individuals buying homes in...entire MSA) , we find instead that these low- and moderate- income areas are being primarily served by conventional mortgage entities. The HMDA statistics...

...loans as compared to government-backed loans. Second, even though we would expect government-backed mortgages to appeal to individuals buying homes in...median income is less than 80 percent of the median incone for the entire MSA) , we find instead that these low- and moderate- income areas are being primarily...

...(1994) categorizes 45 low- to moderate-income community areas in the city, areas where the median family income is less than 80 percent of the median income for the Chicago primary metropolitan statistical area (PMSA) for 1989. The median income of the Chicago PMSA...