Judge rules against Atlanta regional water wars
WASHINGTON (AP) — A federal judge has ruled that Georgia must stop withdrawing water within three years from a federal reservoir outside Atlanta that is the city's main water supply. U.S. District Court Judge Paul Magnuson said Lake Lanier wasn't built for water supply and the state's withdrawals are illegal. He acknowledged it would be impossible to immediately stop using the lake because it is metro Atlanta's main water supply. But he said if the state can't get permission from Congress within three years, the withdrawals must end. Labels: congress, federal, lake lanier, ruling, water supply, water war
Excerpt from Washington Post Article below. To read the full article click on following link:
Congress Is Set to Limit Down-Payment AssistanceBy Dina ElBoghdady
Washington Post Staff Writer
Mortgage programs that helped nearly 79,000 people buy homes using government-insured loans last year would be eliminated as part of a broader housing package that Congress expects to pass this week, key lawmakers said.
Under these programs, nonprofit groups provide buyers with money for down payments. Home sellers then reimburse the organizations and pay an administrative fee. More than half a million people have bought homes this way in the past decade using loans insured by the Federal Housing Administration.
But the FHA said seller-funded down payments present the single biggest challenge to its solvency. Borrowers who take part in these arrangements go to foreclosure at nearly three times the rate of borrowers who put their own money down, according to the agency.
Labels: congress, fannie mae, freddie mac, limit down payment assistance, nehemiah
