Dan Magstadt's Mortgage Blog

Following is some more information on the new housing legislation. The Congressional Budget Office has issued a cost estimate for the Federal Housing Finance Regulatory Reform Act of 2008. CBO estimates that enacting the legislation would increase revenues by about $8.0 billion over the 2009-2018...

Congress approved mortgage relief for 400,000 struggling homeowners Saturday as part of an election-year housing plan that also aims to calm jittery financial markets and bolster the sagging economy. President Bush said he would sign it promptly, despite reservations.The measure, regarded as the ...

Unless you've been hiding under a rock for the last year you know there are a LOT foreclosures in Florida right now and there are many more coming.  While this is bad news for the existing homeowner, this news is GREAT for home buyers.  Now is the time for first time home buyers to enter the mark...