homebuyer tax credit: Homebuyer Tax Credit Loans on Track. ..
- 06/01/09 12:51 PM
News reports that the federal government is backing away from its plan to permit eligible borrowers to monetize the first-time homebuyer tax credit are off the mark, a spokesperson for the U.S. Department of Housing and Urban Development says. "The technical details are still being finalized and will soon be published in a mortgagee letter and posted on our Web site," Lemar Wooley, a HUD spokesperson, told REALTOR® magazine on May 20, 2009. Under the guidance that's under development, state agencies and other HUD-approved entities would be able to provide short-term bridge loans that households could use to help with their downpayment. … (2 comments)
homebuyer tax credit: American Recovery and Reinvestment Act of 2009.. .
- 03/29/09 02:26 PM
In the face of the economic challenges that have gripped our country Pederson Properties, Inc. and our Affiliates continues to make great strides to position our Agents as the leader in our marketplace. Recovery is inevitable, and we all know that consumer confidence will play a huge role in turning the current tides. Fortunately, swift action has been taken to stimulate the economy with the signing of the $780 billion "American Recovery and Reinvestment Act of 2009". It is the largest and most unprecedented recovery act in history, and we believe it will be extremely helpful in helping the housing industry … (2 comments)
News reports that the federal government is backing away from its plan to permit eligible borrowers to monetize the first-time homebuyer tax credit are off the mark, a spokesperson for the U.S. Department of Housing and Urban Development says. "The technical details are still being finalized and will soon be published in a mortgagee letter and posted on our Web site," Lemar Wooley, a HUD spokesperson, told REALTOR® magazine on May 20, 2009. Under the guidance that's under development, state agencies and other HUD-approved entities would be able to provide short-term bridge loans that households could use to help with their downpayment. … (2 comments)
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