National Association of REALTORS® Summary of Key Provisions of HR 3221 - The Housing Stimulus bill (as of 7/28/08) - Complete with my .02 to make sense of it all - 07/30/08 01:32 AM
This is a summary provided by the National Association of Realtors® yesterday (7/28/2008) - under each section I have injected my two cents to provide clarity and stimulate conversation and exploration about the details of this 700 page bill.
The NAR summary will be identified with an indent and bullet point, … (4 comments)

New "Buy and Bail" Rule & How to REALLY Help Homeowners in Trouble - 07/26/08 05:52 PM
Being whispered in the back halls of Real Estate and Mortgage Lender's offices this past month is the news of Fannie and Freddie enacting a "Buy and Bail" rule to prevent fraudulent mortgage loans from being purchased on the secondary market.
In some cases, homeowners are encouraged and coached through this … (3 comments)

Foreclosure Prevention Act of 2008 - Is this really a "Bail Out"? - 07/24/08 11:13 PM
On Wednesday the House voted 272-152 to pass H.R. 3221, The American Housing Rescue & Foreclosure Prevention Act that will offer up to $300 billion in assistance to troubled homeowners and offer government support for Fannie Mae and Freddie Mac.This is a a 700 page bill that includes many moving parts.  … (3 comments)

CalHFA Announces 100% Financing, Discount Rates, Discount PMI on Bank Owned Homes in Hardest Hit California Cities - CalHFA Community Stabilization Home Loan Program - 07/23/08 03:12 PM
Reposted from my Blog on July 23rd @ 9:00am
 
July 23rd 2008 - JUST RELEASED!
This conventional first mortgage loan program features a below market, 30-year, fixed interest rate, fully amortized loan reserved for REO properties of participating financial institutions. It has a maximum LTV limit of 100% and … (0 comments)

 
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Scott Schang
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