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housing and economic recovery act: How You Can Manage Your Risks Under "HERA" - 01/05/09 01:27 PM
The Mortgage Bankers Association provides a useful "Housing and Economic Recovery Act of 2008" (HERA) Resource Center.
"As you know, on Wednesday, July 30, 2008, President George W. Bush signed major housing legislation, Public Law 110-289, the "Housing and Economic Recovery Act of 2008 (HERA)."
HERA includes reform of government sponsored enterprise (GSE) regulation that will dynamically affect FNMA and FHLMC, and modernization of the Federal Housing Administration (FHA).  These are, of course, the essential sources of most of the home mortgage financing in America.  Unless you only deal with all cash buyers, you need to be up to date on … (0 comments)

 

Bruce Forge

Irvine, CA

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iNET Realty, Inc.

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