Fannie, Freddie prove too big for government to shirk
The government’s Christmas Eve pledge of unlimited financial aid to mortgage giants Fannie Mae and Freddie Mac is to make sure the housing market doesn’t deteriorate further, but it will cost taxpayers much more.
By ALAN ZIBEL
The Associated Press
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AP
These file photos show Freddie… Read More
Fannie Mae and Freddie Mac Gov’t support (Associated Press)
December 31, 2009 By 1 Comment
Short Sales Standarized Plan (Seattle Times)
December 13, 2009 By Leave a Comment
Standardized short-sale plan may relieve big headache
By Kenneth R. Harney
Syndicated columnist
WASHINGTON — If you’re in trouble on your mortgage and can’t get a loan modification, check out the Obama administration’s new standardized short-sale plan scheduled to roll out during the coming months.
The program, outlined Dec. 1 by the Treasury Department, is an attempt to streamline… Read More
Homebuyer Tax Credit Official
November 13, 2009 By Leave a Comment
Home Buyer Tax Credit Official
The home buyer tax credit bill that was recently passed by both the House of Representatives and the Senate has been signed by President Obama and is now official. Given the dissension in the House and Senate over so many other things, the bill slid through relatively easily. The Senate vote… Read More
Congress Passes Tax Credit bill article from November 5th
November 6, 2009 By Leave a Comment
November 5th article from the Washington Post on the Congress passing the tax credit and unemployment credit. The Congress appeared to be the most challenging vote versus the Senate’s quick approval.
Congress Passes Bill Extending Unemployment Insurance, Home Buyer Tax Credit
By Perry Bacon Jr. and Dina ElBoghdadyCongress on Thursday completed final approval of… Read More
Home Buyer Credit
October 13, 2009 By Leave a Comment
Quick passage by the House last week of a bill extending the $8,000 home buyer tax credit next year for military, diplomatic and intelligence personnel serving overseas increases the odds that Congress will agree to an extension, maybe even an expansion, of the entire credit program well into 2010.
The White House is also signaling that… Read More
