More first-time homebuyers than ever sought out state help in acquiring their mortgage last year ? a big boom coming amid uncertainly in more risky mortgage plans.
Fiscal 2007 saw a record number of would-be homeowners turn to the Maryland Mortgage Program for their first-ever mortgage. The program doled out $750 million in loans to more than 4,000 Maryland families according to Andy DeVilbiss, public information officer for the state Department of Housing and Community Development.
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