declining market boone county columbia board of realtors: Boone County No Longer “Declining” Real Estate Market
- 06/04/08 03:48 AM
During the past few months, the Columbia real estate market made an impact on the federal level. The Columbia Board of REALTORS® set out to change the definition of a "declining market" after Boone County found itself on the list. The Office of Federal Housing Enterprise Oversight (OFHEO) requires the two Government Sponsored Enterprises, Fannie Mae and Freddie Mac, to require a higher percentage down for mortgages in declining market locations. Carol Van Gorp, CEO of the Columbia Board of REALTORS®, led the effort for the change in designation. She learned earlier this week that OFHEO eased the requirements for Fannie … (1 comments)
During the past few months, the Columbia real estate market made an impact on the federal level. The Columbia Board of REALTORS® set out to change the definition of a "declining market" after Boone County found itself on the list. The Office of Federal Housing Enterprise Oversight (OFHEO) requires the two Government Sponsored Enterprises, Fannie Mae and Freddie Mac, to require a higher percentage down for mortgages in declining market locations. Carol Van Gorp, CEO of the Columbia Board of REALTORS®, led the effort for the change in designation. She learned earlier this week that OFHEO eased the requirements for Fannie … (1 comments)
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