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Global Economic Recession, Lay-offs and Its Impact on You – Survival of the Fittest
Most of the countries all over the world are going through this phase of economic recession. Many old and big companies have already been brought down on their knees to bite the dust. Many companies as well as countries have become bankrupt or are on the verge of it. Millions and millions of people have lost their jobs. Many people have lost millions and billions of dollars. People in general are scared and fearsome.
The US Housing and Economic Recovery ActThe recently increased limits on Federal Housing Administration (FHA) loans, which have low down payment requirements and attractive interest rates, have also been made permanent at the greater of $271,050 or 115% of the local area median home price. Conversely, the down payment requirement for FHA loans has been increased from 3% to 3.5% of the home price in an attempt to help guard against FHA loan defaults.