| Feb 2, 2011 1:37PM HUD's definition of Worst Case Housing Needs (WCN): unassisted very low-income renters who either (1) pay more than one-half of their monthly income for rent; or (2) live in severely inadequate conditions, or both. HUD defines "very low-income" as below 50 percent of the local area median income (AMI) and "extremely low-income" as below 30 percent of AMI. In its Worst Case Housing Needs report to Congress, the Department of Housing and Urban Development said the number of people classified as "Worst... Feb 3, 2011 5:03PM It's been about a month since the last Employment Situation Report was released. What we had to say about it then is pretty much the same thing we have to say about it now. The only real difference is mortgage rates were closer the middle of a tight range heading into the last Jobs report whereas this time, they're at their worst levels since mid-December. Most of that pain has played out over the past two days... On conventional 30 year fixed loans Best Execution has risen to 5.00%. FHA/VA 30 year...
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