More News on Fannie Mae and Freddie Mac - 02/28/08 08:24 AM
The Office of Federal Housing Enterprise Oversight (OFHEO), which oversees Fannie Mae and Freddie Mac, announced that it is removing limits on the amount of loans and securities they can own -- a move that could boost the current housing market. Politicians and banking lobbyists had been calling on OFHEO to ease … (1 comments)
Clarksburg Literary Society - 02/27/08 03:21 PM
The Clarksburg Literary Society is welcoming Dr. Thomas Holtz, Jr the author of "Dinosaurs" for a book signing. The event will take place at Mayorga Coffee on Stringtown Road in the Clarksburg Highlands Shopping Center on Saturday March 1 at 7pm. The book is the most complete, up-to-date encyclopedia for dinosaur … (0 comments)
Clarksburg MD Chamber Meeting - 02/27/08 02:28 PM
There was a Clarksburg Chamber meeting held today at the Highlands Shopping Center. Eloise Woodfield of the Clarksburg Historic Society spoke about the plans for Clarksburg Day, which this year will be held at Clarksburg High School on Saturday June 7th. Also, the Clarksburg Town Center Annual 5K race will be … (0 comments)
New Program Helps Prevent Foreclosures - 02/27/08 08:55 AM
In some markets, foreclosures are big news, with dramatic increases in delinquent loan payments. A new FHA program, initiated on August 31, 2007, is designed to help homeowners avoid foreclosure by refinancing their subprime loans with HUD's new mortgage -- called FHASecure. HUD's boss, Alphonso Jackson, announced that 33,000 at-risk borrowers have already refinanced, with another 20,000 in … (6 comments)
Montgomery County, MD update - 02/15/08 07:07 AM
The year-end statistics for residential sales in Montgomery County, Maryland were released yesterday. These numbers are compiled by MRIS, Inc., based on settled sales.The median sold price of houses and condos in 2007 was $444,000, which is a 1.14 percent increase from 2006.The number of units sold dropped 23.39 percent, and the average days … (2 comments)
Clarksburg real estate update - 02/12/08 08:56 AM
As of this minute, there are 67 detached homes for sale in Clarksburg, MD, ranging in price from $399,900 to $1,895,000.In February two detached homes went under contract -- one was priced at $455,000, and the other at $569,990. In January there were eight detached homes that sold. Given these numbers, … (1 comments)
Warren Buffet weighs in on the state of the economy - 02/11/08 12:51 PM
I thought some recent comments by Warren Buffett, the multi-billionaire investor, and guru to the smart-money set might be of interest... Buffet said that the troubles which have beset the U.S. economy in recent months have caused markets to react with a "healthy degree of caution," while the Federal Reserve has ensured that low-cost funds are available to borrowers. "I … (0 comments)
Good news for home buyers - 02/08/08 11:38 AM
Within the next few weeks, the President is expected to sign legislation that raises limits for three major financing sources for prospective home buyers: Fannie Mae, Freddie Mac, and FHA. This is important news because it will enable consumers to have access to lower financing rates than is now possible. On jumbo loans, it … (2 comments)
Clarksburg Maryland Traffic Woes - 02/07/08 09:17 AM
The growing volume of traffic on county-designated rustic roads, narrow roads intended for local or agricultural use, in Clarksburg is causing residents to worry whether those roads can sustain the number of vehicles that use them. The rustic roads in Clarksburg include Hawks, Prices Distillery, Kingsley, Stringtown (east of Snowden Farm … (1 comments)
Boyds Residents Fight For Water - 02/07/08 09:05 AM
After receiving a long-awaited study by The Washington Suburban Sanitary Commission on the costs for hooking up to public water and sewer service, Boyds residents (our Clarksburg neighbors) are concerned the price may be more than they can pay. A dozen single-family houses on Greenridge Drive need water and sewer service because their … (0 comments)
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The Office of Federal Housing Enterprise Oversight (OFHEO), which oversees Fannie Mae and Freddie Mac, announced that it is removing limits on the amount of loans and securities they can own -- a move that could boost the current housing market.
