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banking: Housing Rescue Bill Passes - 07/28/08 03:44 PM
Over the weekend, the US Senate passed a bill that aims to reduce the number of foreclosures by permitting homeowners to refinance into government-backed loans.  The House of Representatives approved the bill last week and it now is headed to the President for his signature, which is anticipated.
The program would be … (0 comments)

banking: $200 billion more for home loans - 03/20/08 10:36 AM
The Office Of Federal Housing Enterprise Oversight (OFHEO), which oversees Fannie Mae and Freddie Mac, has allowed them to increase the amount of money that they invest in home loans.
OFHEO did this by reducing the amount of capital that Fannie and Freddie are required to keep in reserve.  This makes an … (3 comments)

banking: A Break for Borrowers? - 03/04/08 02:44 PM
The chairman of the Federal Reserve, Ben Bernanke, has called for mortgage lenders to reduce the principal of mortgage loans for those homeowners who owe more than their homes are worth.
In essence he is asking banks to relinquish some of their income from loans in order to stop additional foreclosures.  This … (6 comments)

banking: 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)

 
Real Estate Agent: Ibi Sofillas (MyRealtyTeam Real Estate, LLC)
Ibi Sofillas
Clarksburg, MD
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MyRealtyTeam Real Estate, LLC

Office Phone: (301) 972-5031
Cell Phone: (301) 466-3256
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