WASHINGTON, DC – October 26, 2010 – (RealEstateRama) — Today, the Urban Institute released a study, funded by NCB Capital Impact, which demonstrates that housing programs that keep homes affordable over the long term also lessen the likelihood of foreclosures and build wealth for homebuyers. While foreclosures are skyrocketing—the number of home foreclosures in September set a new record—the study found that consumers who obtained homes through long-term affordability programs defaulted at half the national average.
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