Posted on November 12th, 2009, by DHW
From The Washington Post : ‘FHA’s cash reserves have dropped well below amount required by law, audit shows’
DHW asks: Do you think the FHA’s reserves will hit zero?
FHA loan limits in your area
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Posted on November 7th, 2009, by DHW
DesperateHouseWise.com added a new page to its site. Modification Center offers helpful information for homeowners seeking a loan modification or refinance. Find information about Making Home Affordable and local foreclosure prevention events. You can even find a free, HUD-approved housing counselor.
DHW also added Housing Tax Credits. This page provides in-depth information regarding the recent extension and [...]
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Posted on November 6th, 2009, by DHW
President Obama signed bill H.R. 3548, extending unemployment benefits for all states and extending the $8,000 Tax Credit for first home buyers. The bill also creates a $6,500 tax credit for those home buyers who have owned their current primary residence for at least 5 years. See ‘Housing Tax Credits’ for more details. You can [...]
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Posted on November 6th, 2009, by DHW
President Obama is scheduled to sign bill H. R. 3548, extending unemployment benefits to all states. When signed, the bill will also extend the $8,000 tax credit for first time home buyers as well as initiate a new $6,500 tax credit for those home buyers who have owned a primary residence for at least 5 [...]
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Posted on November 5th, 2009, by DHW
The House of Representatives overwhelmingly approved an extension of unemployment benefits to all 50 states, and the popular $8,000 tax credit to first time home buyers. The measure also allows a $6,500 tax credit for home buyers who have owned their primary residence for at least 5 years. President Obama is expected to sign the [...]
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Posted on November 5th, 2009, by DHW
Fannie Mae is expanding its ‘Deed for Lease’ program to help thousands of homeowners facing foreclosure. The program is designed for those who want to stay in their homes but do not qualify for President Obama’s loan modification program. Participants transfer their title to Fannie Mae and rent back for up to one year.
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Posted on November 2nd, 2009, by DHW
The US congress passed a resolution last Thursday to extend the current loan limits for FHA, Fannie Mae and Freddie Mac loans through calender year 2010. The resolution still requires President Obama’s signature, which is expected shortly.
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