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To set their condominium towers apart from all others, developers are offering price guarantees, mortgage insurance, payments to reduce mortgage rates and even their own loans.
The second part of the scheme, under which the government guarantees mortgage repayments, began in October.
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As chief executive of Fannie Mae, the government-sponsored organization that guarantees mortgages for millions of homeowners, Mr. Johnson earned a lucrative paycheck, even by private-sector standards.
Problems at the Federal Housing Administration, which guarantees mortgages with low down payments, are becoming so acute that some experts warn the agency might need a federal bailout.
The government program First Home, which guarantees mortgages to first-time buyers of homes valued at less than €60,000, is spurring some construction for the city's lower middle class.
The company said that as a result of its mortgage actions, it could be liable if the Federal Housing Administration, which guarantees mortgages before selling them to investors, suffered any losses from defaults on those mortgages.
With the banks sidelined, Allon turned to Freddie Mac, the government-backed giant that owns and guarantees mortgages.
That doesn't bode well for the stock prices of Fannie or Freddie Mac, which guarantees mortgages and buys loans from lenders.
Mr Cameron cited the government's Help to Buy Scheme - where the state guarantees mortgages for couples able to put down a 5% deposit - as evidence the government backed those on middle incomes and supported aspiration.
He had worked as a sales representative for foreclosed properties at Fannie Mae, which buys and guarantees mortgages made by banks and other lenders.
The agency, which has a budget of almost $50 million, oversees public housing programs for the poor, guarantees mortgages through the Federal Housing Administration FHAand and has been working to desegregate cities across America under Barack Obama.
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