Posts Tagged ‘Freddie Mac’

THE HOME BUYER TAX CREDIT HAS BEEN EXTENDED AND EXPANDED.   Current homeowners can now receive a $6,500 tax credit, while first-time buyers are still eligible to receive an $8,000 credit.  But act soon, the opportunity of a lifetime ends April 30th, 2010. First time Home Buyer Credit has now changed 3 times.  The biggest change [...]

We’re seeing signs that the Coast has hit the bottom of the Real Estate Market.  We are getting some multiple offers on well priced homes in the lower price range.  Investors are looking at the Coast for their second and third homes.  Doesn’t everyone want a Cottage at the beach?  So let’s look at what Rick Turley has [...]

With the Economic Stimulus Package and the Foreclosure Prevention Plan underway, many Americans are anxious to move forward, realizing that there will still be weeks and months of discussion and fine-tuning before all elements will be understood. At the end of the day, some elements will be popular with the majority, perceived as helpful to [...]

We were all hoping that President Obama would put the conforming loan limit cap back to $729,750.  Hooray!!  We have several clients where this will make a huge difference to them on what they can afford.  Let’s hope that this one move is a stimulus to the housing market and that the first time home [...]

A mortgage broker we work with, Andy Block, noted in a recent email to us that he believes that we’re looking at the “beginning of the end” of the credit crisis, and that the government has sent a strong signal that liquidity would not be a problem in the future. A few of his thoughts… [...]

Alan Greenspan faults the U.S.’s approach in fixing Fannie Mae and Freddie Mac, saying the credit crisis offered an “ideal opportunity” to dismantle the mortgage giants. The former Fed chairman predicted U.S. home prices would reach their bottom in the first half of 2009. http://online.wsj.com/article/SB121865515167837815.html?mod=djemWMP