More First-Time Home Buyers Are Turning to the Bank of Mom and Dad
Wall Street Journal, Jan. 4, 2019–Ben Eisen (subscription)
More than 26% of mortgage borrowers who used Federal Housing Administration-insured loans got assistance from a relative to make the down payment in the 12 months through September, up from about 22% in 2011, according to data released late last year as part of the agency’s annual report.
