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senate: SENATE APPROVES STIMULUS PACKAGE with LOAN LIMIT INCREASE - 02/07/08 07:22 PM
 
The United States Senate voted today to approve a multi-billion-dollar economic stimulus bill which includes anincrease in the federal conforming loan limit.  The loan limit increase means that federally guaranteed loans, which carry lower financing costs for home-buyers, will rise to $730,000 in California's high-cost housing markets providing needed mortgage capital and, hopefully, much-needed stimulus to dormant home sales.  The stimulus package, approved by a vote of 81 to 16, must go back to the House of Representatives for a vote - expected to be a formality - before its expected arrival on the President's desk next week.  The package approved … (1 comments)

senate: NAR ASKS FOR HELP - 12/04/07 11:41 AM
This morning I recieved an email from the National Association of Realtors - Realtor Action Center.  They want our help on two items.
FHA Reform S.2338 
Ask your Senator to support FHA reform legislation this year.  This is not the cure all, but it does help.  FHA is one of the few departments of the government that makes money.  By passisng the FHA reform bill, we are not putting anymore risk on the FHA than they already take on.  All we are asking for are higher loan amounts to help more borrowers.  Yes we have Fannie Mae and Freddy Mac, but FHA … (0 comments)

 

Joseph Crespillo

Rocklin, CA

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Sellstate Realty First

Address: 535 Menlo Drive STE A, Rocklin, CA, 95765

Office Phone: (916) 784-7653 x 113

Cell Phone: (916) 705-3580

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