Average wage earners currently must spend 30.2% of their monthly income to afford a home.
The cooperative donates $150,000 to Habitat for Humanity and assists with home construction.
FHFA OIG warns GSEs could cost taxpayers as much as $190 billion.
The $2.3B Affinity FCU spearheads effort to link borrowers, lenders and investors in New Jersey.
The agreement means homes will be built or renovated in 100 counties in North Carolina.
The Maryland Department of Housing and Community Development can't give downpayment money away to credit unions.
Measure aims to curtail vacant and abandoned homes left unmaintained during long foreclosure proceedings.
State housing official says department has been unsuccessful in getting credit unions to join its down payment assistance program.
A RealtyTrac report reveals all 3,143 U.S. counties have at least one home down payment assistance program.
Survey reveals mortgage executives divided on whether the reduction will bring more home buyers into the market.