Tag Archives: prospective home buyers

FHA Must Charge Higher Fees To Stay Afloat

The average American is on the hook for $1300 for the Fannie Mae and the Freddie Mac bailouts. Keeping the FHA afloat has only required three billion. FHA mortgages requires smaller downpayments and lower credit scores than regular mortgages. You’d … Continue reading

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The Fair Housing Act

Elizabeth Weintraub writes for About.com: To understand a real estate agent’s scope of duties and what an agent and can and cannot do for you, look first to federal and state regulations. Here are a few of the entities that … Continue reading

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Fed Wants To Wean Housing Market Off Its Trillion-Dollar Intervention

The Federal Reserve has decided to keep interest rates at their current levels. They’re pulling back on their program to buy about $1.5 trillion in mortgage-backed securities. The Fed wants to keep mortgage rates low to keep the housing market … Continue reading

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Has The Housing Market Hit Bottom?

Here’s a view from Las Vegas: The foreclosure bailout is a potential boon to lenders and homeowners. Under the program, financially distressed homeowners have the opportunity to reduce their mortgages to 90 percent of their home’s current appraised value. Effectively, … Continue reading

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America’s Two Largest Mortgage Finance Companies Get A Break

The New York Times reports on something that will mean easier and cheaper mortgages for many: WASHINGTON — With the blessing of the Bush administration, the regulator of Fannie Mae and Freddie Mac, the nation’s two largest mortgage finance companies, … Continue reading

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