ARCHIVED BLOG POSTS
2008
In an update to the bailout bill that has been at the center of much talk this past week and was the topic of my article earlier today, the bailout was voted on and did not pass. More updates to come, but a revised bill may be voted on in the very near future. When it does, we will provide additi...
09/29/2008
The latest and perhaps final version of $700 billion bailout legislation calls for the Treasury Secretary to implement a plan to stem foreclosures and to work with servicers to modify loans. However, how much the plan will actually help home owners is still of much debate. Since ...
09/29/2008
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October 1st Date Imminent, But Lenders May Not Participate In FHA Program As has been documented, with part of the massive housing rescue bill passed by Congress in July, troubled borrowers will be able to refinance their home loans with the backing of the Federal Housing Authority st...
09/22/2008
FHA LOAN LIMIT AND DOWN PAYMENT CHANGES: And The Current State Of Long And Short Term Interest Rates
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In what has been another intriguing week in the future of the U.S. economy, we are on the verge of many more changes. Following the governments take over off Fannie Mae and Freddie Mac a week ago, we have seen long term interest rates move to their best levels this year. Unfortunately, that was...
09/16/2008
FANNIE AND FREDDIE TAKE OVER The two mortgage giants are now operating in a government conservatorship that will be administered by the new Federal Housing Finance Agency (created under the same Congressional authority that authorized the Treasury Department to shore up Freddie and Fannie. James ...
09/08/2008
Rainmaker
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