Tag Archives: economic stimulus package

Meta Policies On Mortgages

From the Atlantic: One — direct capital injection into banks, which the Treasury Dept. is considering and which McCain’s campaign opposes. Conservatives call it socialism. Two — buying billions of dollars worth of packaged mortgage-based securities from banks…essentially clearing the … Continue reading

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Growing Mortgage Lender Residential Finance Corp. Says Housing and Economic Recovery Act to Help More Homeowners Get FHA-Backed Loans

Residential Finance Corporation helps the Hernandez family find FHA mortgage funding to meet their refinance and purchase and needs COLUMBUS, Ohio–(BUSINESS WIRE)–Residential Finance Corporation (RFC), a nationwide FHA-approved mortgage lender with headquarters in Columbus is helping homeowners take advantage of … Continue reading

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Mortgages And Politics III

From the New York Times: RALEIGH, N.C. — With the Democratic stage to himself for the first time, Senator Barack Obama opened a two-week tour of battleground states on Monday, attacking Senator John McCain’s economic policies and moving to focus … Continue reading

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Jumbo Mortgages Not Helped Much By New Bill

From Business Week: If the bill passes, the limit on the size of loans that can be purchased by government-sponsored mortgage finance companies Fannie Mae and Freddie Mac will drop to $550,000 after spending 2008 at nearly $730,000. The economic … Continue reading

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Refinance: Finding Those Elusive Jumbo Loans

Holden Lewis writes for Bankrate.com: Higher loan limits, set early this year by the federal government as part of an economic stimulus package, were supposed to make jumbo loans more affordable in expensive housing markets. Jumbo-conforming loans range in size … Continue reading

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Hard To Find A Jumbo Loan

Here’s a report: Higher loan limits, set by the federal government as part of an economic stimulus package early this year, were supposed to make jumbo loans more affordable in expensive housing markets. Jumbo-conforming loans range in size from $417,000 … Continue reading

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Refinance Bill – Little Cost, Little Help

CNNMoney estimates that only 325,000 home owners would be helped by Barney Frank’s bill. The CBO estimates the price tag at less than $2 billion. Senator Dodd is working on a similar bill. President Bush promises a veto. Ben Bernanke … Continue reading

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Realtors Want To Reform The Mortgage Business

They support legislation to reform the Federal Housing Authority and get it more involved in today’s credit mess. From the StCharlesJournal: We all have seen the sad stories in the media of those American families caught in the clutches of … Continue reading

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Senator John Kerry Seeks A $10 Billion Bail-Out For Troubled Homeowners

The Boston Globe reports that Kerry has proposed $10 billion in special tax-exempt bonds to help troubled families refinance subprime loans. Democrats are generally seeking more government intervention to solve this credit mess. There’s little political capital to be accumulated … Continue reading

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Restoring Faith In The World’s Credit Markets

Reuters reports on solutions to the credit crisis. Should central banks start buying toxic mortgages? The Bank of England says it will not. LONDON: The global financial crisis that has raged for months shows no signs of ending, and the … Continue reading

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