fha: Senate makes headway on housing fix
- 04/07/08 03:49 AM
Senate makes headway on housing fix I know, I know.. another boring post about politics! I am sorry, this stuff intrigues me: Last Thursday the Senate began debate on a $15 billion bipartisan housing relief package. Democrat and Republican lawmakers have been facing "election year pressure" to respond to the foreclosure crisis. The package could get a final vote this week. There is a need for haste as housing experts agree the bill must be signed into law by July to prevent a substantial number of foreclosures in 2008. 1.5 Million subprime ARMs will reset this year with May and July being the peak … (1 comments)
fha: Bush says " No Way" to FHA
- 04/01/08 02:00 AM
Bush Vetoes Changes to FHA Guidelines, April 1 2008 Despite the potential relief for thousands of home owners, President Bush announced yesterday that they will not make changes to the current FHA guidelines. He sited many reasons including an "over correction" of the Housing Market that will create another build and bust of house values. Market analysts believe this late change will destroy consumer optimism and send rates on a roller coaster ride for the next few months. FED Chairman Ben Bernanke was quoted as saying "April Fools!" Ha Ha! I am sure that paragraph made a few of your stomachs drop. On … (9 comments)
Senate makes headway on housing fix;)
;)
