new tax credit first time home buyers home loans waterstone mortgage prime equity group boise idaho: Moody’s Reviews $143 Billion of Jumbo-Mortgage Bonds for Cuts
- 12/18/09 05:47 AM
Dec. 18 (Bloomberg) -- Moody's Investors Service placed $143 billion of jumbo-mortgage bonds under review for downgrades because of higher loss projections. Grades of senior securities issued in 2005 will be most affected by the new loan-loss projections, the New York-based ratings company said in a statement dated yesterday. It now expects losses of 3.8 percent on loans underlying 2005 prime- jumbo bonds, with estimates of 8 percent for 2006 securitizations, 10.9 percent for 2007 debt and 12.3 percent for 2008 securities. The revisions were prompted by "the rapidly deteriorating performance of jumbo pools in conjunction with macroeconomic conditions that remain … (1 comments)
new tax credit first time home buyers home loans waterstone mortgage prime equity group boise idaho: U.S. Economy: Housing Starts Climb, Inflation Gauge Unchanged
- 12/16/09 03:40 AM
Dec. 16 (Bloomberg) -- Housing starts in the U.S. rose in November and a gauge of consumer prices was unchanged, supporting forecasts for an economic recovery that will generate little inflation. Builders broke ground on 574,000 homes at an annual rate in November, an 8.9 percent increase from the prior month, the Commerce Department said in Washington. A Labor Department report showed consumer prices excluding food and energy were unchanged, compared with a median forecast for a 0.1 percent increase in a Bloomberg News survey of 79 economists. Permits for future construction climbed to the highest level in a year, signaling … (0 comments)
new tax credit first time home buyers home loans waterstone mortgage prime equity group boise idaho: Forecast Hopeful with First-Time Home Buyers Leading the Way
- 12/10/09 08:52 AM
Aided by the home buyer tax credit, the outlook for housing and the economy appears headed for a sustainable recovery, according to the National Association of Realtors®.Lawrence Yun, NAR chief economist, said the projections are enhanced by a tax credit expansion to more home buyers through the middle of 2010. "Given the success of the first-time buyer tax credit to date, and the need for qualified buyers to continue to absorb inventory that will include additional foreclosures over the coming year, we are hopeful about the impact of the expanded tax credit because it will stabilize home prices," he said. "In … (0 comments)
new tax credit first time home buyers home loans waterstone mortgage prime equity group boise idaho: No surprise here. Survey shows spike in 1st-time homebuyers
- 11/16/09 03:52 AM
SAN DIEGO (AP) - The housing market welcomed a bigger share of first-time buyers and single women this past year, while a majority of sellers resorted to dialing down prices to get their homes sold, a new homebuyer survey shows. First-time buyers accounted for a record 47 percent of home sales between July 2008 and June this year, up from 41 percent in the prior-year period, according to the survey conducted by the National Association of Realtors. The annual survey gleans details on everything from how buyers came up with down payments to how long it took sellers to unload their … (0 comments)
new tax credit first time home buyers home loans waterstone mortgage prime equity group boise idaho: The Home Buyer Tax Credit Will Likely be Expanded and Extended
- 11/05/09 09:52 AM
Some really good news. This bill also includes a provision for move up buyers.RISMEDIA, November 6, 2009-After the Senate gave final approval last night without a dissenting vote, the House of Representatives voted overwhelmingly this afternoon to pass legislation containing an extension and expansion of the homebuyer tax credit, completing Congressional action and sending the tax credit to President Obama for his signature, possibly as early as tomorrow. The $8,000 homebuyer tax credit for first-time buyers, due to expire in 25 days, will be extended through April 30 of next year and buyers will have an additional two months, until the … (2 comments)
new tax credit first time home buyers home loans waterstone mortgage prime equity group boise idaho: Homebuyer Tax Credit May Be Approved Early Next Week, Reid Says
- 10/30/09 07:35 AM
Congress could approve extensions of an $8,000 first-time homebuyers' tax credit and unemployment benefits as soon as Nov. 3, Senate Majority Leader Harry Reid said. Reid, a Nevada Democrat, said today he has scheduled a vote late on Nov. 2 to bring debate on the issues to a close and clear the way for approval by the Senate, followed by the House. "The House said that they would accept that and that could be done as early as" Nov. 3, Reid said on the Senate floor. That "would be a great relief," he said. The legislation has been delayed by Republican … (2 comments)
new tax credit first time home buyers home loans waterstone mortgage prime equity group boise idaho: Homebuyer Tax Credit Extension Backed by Obama Administration - but not a done deaL.
- 10/29/09 05:37 AM
Oct. 29 (Bloomberg) -- The Obama administration endorsed a plan to extend an $8,000 tax credit for first-time homebuyers, saying it is helping stabilize the housing market. The tax break, enacted early this year as part of the economic stimulus, has "brought new families into the housing market and contributed to three consecutive months of rising home prices nationwide," Treasury Secretary Timothy Geithner said today in a statement. Senate Democrats plan to extend and expand the credit, which expires at the end of next month, to include some people who already own residences. An agreement reached yesterday would let homeowners who … (0 comments)
new tax credit first time home buyers home loans waterstone mortgage prime equity group boise idaho: Senate Close to Deal Replacing Homebuyer Tax Credit
- 10/27/09 09:28 AM
Oct. 27 (Bloomberg) -- U.S. Senate leaders moved closer to an agreement on replacing an expiring $8,000 tax credit for first-time homebuyers with a smaller one that expands access to more borrowers, two people familiar with the matter said. The deal would reduce the size of the tax credit to 10 percent of the sale's price, capped at $7,290, the people said. The credit would be available on home purchases that are under contract by April 30, and borrowers would have 60 days more to close the sale. The existing credit is due to end Nov. 30. The new agreement, which … (1 comments)
Dec. 18 (Bloomberg) -- Moody's Investors Service placed $143 billion of jumbo-mortgage bonds under review for downgrades because of higher loss projections.
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