How much does America know about FHA reform?
By admin | June 15, 2007
Majority of the American Public favors FHA modernization. Here are some key statistics about a study conducted on how aware the American public is about the many key changes that are sought in regards to the FHA Loan program.
When it comes to being completely clueless on the act itself more Americans favor the changes as those that oppose it, 26% to 9% while those that remain undecided rests at 13%. The percent of those that actually know what the Expanding American Homeownership Act of 2007 is at 48%.
When given a description of the Act itself those that support it went up to 80%. What were they told about the Act, “the rules to make it easier for the FHA to make mortgage loans available to first time homeowners and people with moderate incomes.” With 55% of those asked about it favored the change strongly.
“Only 35% of African Americans are unaware of the Expanding American Homeownership Act of 2007, compared to majorities of whites (55%) and Hispanics (51%). Without any explanation, four-in-ten African Americans (43%) favor the legislation — a much larger proportion compared to whites (23%) and Hispanics (30%). These elevated levels of support are maintained after respondents heard a brief description; 88% of African Americans favor the Expanding American Homeownership compared again to 78% of whites and 81% of Hispanics.”
The survey was conducted by The Mellman Group of Washington, DC and the numbers were brought to you from their press release.
Topics: Uncategorized |
