congress: Congress Encourages Increase In Fannie and Freddie Portfolio Loans - 10/20/07 11:36 PM
With a tidal wave of expected foreclosures looming in the horizon, there is a move by Congress to expand the government-sponsored finance corporations.Increasing the portfolio size over the current $700 billion limit for each Fannie Mae and Freddie Mac is opposed by the current administration. The additional risk could end up (2 comments)
congress: The Federal Governmant Is Only Timidly Stepping Into The Lending Crisis. - 09/05/07 01:44 PM
Several steps were announced that help may be on the way for homeowners with adjustable mortgages that are resetting to higher monthly payments. A plan was proposed to help borrowers to refinance their loans using resources from the Federal Housing Administration. The FHA is depression era agency that was created to help (2 comments)
congress: New Possible Resurection for FHA Home Loans. - 07/09/07 05:53 PM
There is legislation pending in Congress to increase the loan limits for FHA in costly areas around the US. Bill HR1852 " The Expanding Homeownership Act of 2007, will have a profound effect on the underutilized FHA home loans for high cost areas around the country. Major city areas where median priced housing costs (29 comments)
congress: Internet Tax Moratorium Expires this Year - 06/28/07 01:53 AM
Unless the U.S. Congress takes action, the moratorium on the taxing the Internet will expire in November 2007.
It seems that many senators may want to permit the future taxation of the Internet with a bill currently being drafted in the US Senate. They are counter proposing only a temporary moratorium (14 comments)
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