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After the collapse of lending caused by skyrocketing delinquency rates which ultimately brought down the housing market, lending was taken over by the US government. The FHA, which was an existing government program, saw its share of mortgage origination balloon from 4% to 25%. The government... at Tighter mortgage standards for GSEs will encourage private lending

  

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Refining of the interior of the outrigger continues. A fitting for a chain saw, which was to quickly smooth the interior did not fit any of the chain saws on hand, so work continued using hatchets and chisels, and power sander. Gluing the two pieces together has been delayed a day as a result, but doesn't significantly delay work.

Zipporah Mbugua’s family home in Ruiru, financed through the Kenya Mortage Refinancing Company (KMRC). Ruiru, Kiambu County, Kenya.

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