Real estate blog entries tagged with stimulus package by Ken Henderson (M3 Legal Services )

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stimulus package: Band Aid on a Gunshot wound... - 04/10/08 08:54 PM

I'ma keep it real everyone, WE ARE IN A RECESSION. There I said it and I don't regret it at all. The only way to healing is to first admit the truth.Economic meltdown has begun. The Federal Reserve as hard as they tried could not stop it from happening. The Mortgage … (5 comments)

stimulus package: News about the stimulus package.... - 03/07/08 10:59 AM

Underwriting announcement guidelines released by Fannie Mae today show how much help the stimulus package is going to be here are a few highlights
Manual Underwriting ONLYSingle Family Residences only2nd homes to 60%90% LTV/CLTVNo My CommunityNo Reverse MortgagesSome more highlights of thinks that cannot be done are:The following are not permitted on jumbo-conforming mortgage … (0 comments)

stimulus package: What the Stimulus Package Means for California.... - 02/23/08 12:56 PM

HOORAH! President Bush recently signed HR 5140 which is the Economic Stimulus Package of 2008!
Besides most tax-paying Americans getting a rebate check there is really exciting news for home owners from the passage of this stimulus bill.
The conforming loan limits have been $417,500 nationwide. What that means is government sponsored entities (GSE's) Fannie … (0 comments)

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