American Recovery and Reinvestment Act of 2009 Signed By President Obama

By specialed | Published: February 22, 2009

The American Recovery and Reinvestment Act of 2009 has several other provisions that will benefit home buyers and the housing market. The legislation: Will help home buyers in high-cost markets by extending the FHA, Fannie Mae and Freddie Mac loan limit of $729,750 through the end of 2009. Allows state housing finance agencies to help … Continue reading American Recovery and Reinvestment Act of 2009 Signed By President Obama

Posted in Economic Stimulus, Local Real Estate News, Tax, Tax Credit | Tagged , , | Comments closed

Be Aware That Freddie Mac Has Introduced New Fees And Has Increased Others

By specialed | Published: February 21, 2009

Since home prices have continued to fall, Freddie Mac has determined that they are at a heightened risk of many more mortgage defaults and claims.  They report that there may be even more of a housing price decrease in 2009. In light of this news they have increased several fees and added new ones. One of their new fees is a 0.75% fee [...]

Posted in Consumer News, Financing Options, Freddie Mac, Loan Modification, Local Real Estate News, re-finance | Tagged , , | Comments closed

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