fsbo: Fannie and Freddie to hold $900 billion in mortgage-backed securities — a $50 billion increase. - 02/18/09 07:18 AM
Below is a list of key elements of the plan outlined Wednesday by President Obama that aims to aid as many as 9 million households in fending off foreclosures: Allows 4 million–5 million homeowners to refinance via government-sponsored mortgage giants Fannie Mae and Freddie Mac. Establishes $75 billion fund to reduce homeowners' monthly payments. Develops uniform rules for loan modifications across the mortgage industry. Bolsters Fannie and Freddie by buying more of their shares. Allows Fannie and Freddie to hold $900 billion in mortgage-backed securities — a $50 billion increase. … (0 comments)

fsbo: Alabama To Get 52,000 New Jobs, California 396,000, Florida 206,000, Texas 269,000, Other states to benefit - 02/18/09 07:02 AM
The federal stimulus package signed into law today is expected to save or create 52,000 jobs in Alabama, according to White House data. Alabama Congressman Spencer Bachus voted against President Barack Obama’s $787 billion American Recovery and Reinvestment Act, but his district stands to gain the most jobs in the state. The act, passed without a single Republican Congressional vote, is projected by the White House to save or create 3.5 million jobs over the next two years, with more than 90 percent in the private sector, according to the Council of Economic Advisers. Bachus, R-Vestavia Hills, represents Alabama’s sixth Congressional … (3 comments)

fsbo: Rates should Hold this week for mortgages - 02/15/09 11:56 PM
This week’s data is expected to show us no surprises.We are paying much more attention to what the government’sinitiatives will be like as they unfold over the next several days and months. We are still expecting treasury prices to be hardpressed to make any significant improvements with all ourfunding needs. Mortgage rates are expected to remain withintheir recent range of about 5.0% to about 5.25%. THIS WEEK’S MARKET MOVERS Tues 2/17/09 8:30 Feb NY Empire State Index 9:00 Dec Net Foreign Purchases Wed 2/18/09 7:00 MBA Market Index 2/13 8:30 Jan Housing Starts 8:30 Jan Building Permits 8:30 Jan Import & … (0 comments)

I am working enthusiastically to create a groundswell of support in your community for H.R. 600 - FHA Seller-Financed Downpayment Reform Act of 2009 and downpayment assistance (DPA) reform. Breaking News: Down-payment aid program resurfacing In case you haven't seen the article in the February 7th edition of the Los Angeles Times, which speaks to H.R. 600's reforms that specify new standards for an effective program that will improve performance and not cost the taxpayers or the FHA insurance fund a dime. Read the entire Los Angeles Times article -------------------------------------------------------------------------------- Key Points of DPA Reform Congressional Budget Office (CBO) stated that … (0 comments)

John F Tuggle, Certified VA Expert Renovation Program Specialist (John Tuggle, Senior Mortgage Loan Originator, Envoy Mortgage, Ltd. )

John F Tuggle

Certified VA Expert Renovation Program Specialist

Columbus, GA

More about me…

John Tuggle, Senior Mortgage Loan Originator, Envoy Mortgage, Ltd.

Address: 5820 Veterans Parkway , Suite 309, Columbus, GA, 31904

Office: (706) 315-2365

Mobile: (706) 315-2365

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