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freddie mac: 7 Mortgage Related Details in the Economic Stimulus Bill You Should Know - 02/13/08 12:47 AM
 
1)  The new loan limits go into effect on CONVENTIONAL mortgage loans originated beginning on July 1, 2007 and ending on December 31, 2008
2)  Conventional Loans can be made to the HIGHER of the current conventional loan limit ($417,000) or 125% of the area median home price as determined by HUD Secretary. So unless the area median home price in your area is greater than $333,600 you will see no increase to the conventional loan limits.
3)  FHA loan limits are available for loans "for which the mortgagee (lender) has issued credit approval for the borrower on or before December 31, 2008. … (13 comments)

freddie mac: Hispanic Home-Ownership, Spanish TeleNovelas, & Freddie Mac - HUH? - 09/18/06 09:46 AM

Yes....you read the title correctly. Apparently Freddie Mac is using the Spanish TeleNovela to teach Hispanics about credit, homeownership and other financial principles. For the uninitiated, a TeleNovela is sort of like a soap opera except that the main theme often reaches a conclusion by show's end unlike All My children.
Nuestro Barrio will use a popular media vehicle to educate and promote homeownership amongst Hispanics. "We really see it as responding to the needs of Hispanic households," said Vaughan Iron, Freddie Mac's national director for expanding markets. "We have lenders who are saying that they want to serve these underserved households, … (2 comments)

 
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