Some commentary on th enew housing bill from one of the loan guys I that many of my clients have used in the past....
"Recently many a client discussion has revolved around their questions concerning the recently passed ‘housing bill.” Their major interest is how it will benefit both new and established homeowners as it creates change in our industry. Here are some answers :
HR 3221 Housing and Economic Recovery Act of 2008
Tax incentives:
Fannie and Freddie:
Conventional Loan limits:
http://www.realtor.org/gapublic.nsf/files/hbtaxcreditqa2008.pdf/$FILE/hbtaxcreditqa2008.pdf
http://www.realtor.org/GAPublic.nsf/files/chart_homebuyer_tax_credit_.pdf/$FILE/chart_homebuyer_tax_credit_.pdf
http://www.federalhousingtaxcredit.com/
Your Mortgage Resource for Life,
Ron Goodlin
310-303-3443
Ron@GoodlinGroup.com
IndyMac Federal made a HUGE announcement today regarding the streamlining of their loan modifications. It looks like the borrower has to be at least one payment behind and the loan must be for the borrower's primary residence into to qualify for the streamlined process. If you need the phone number for the IndyMac program, its 1-800-781-7399.
Details:
http://www.fdic.gov/consumers/loans/modification/indymac.html
Federal Announcment:
http://www.fdic.gov/news/news/speeches/chairman/spaug2008.html
If you have questions, feel free to give me a call. (714) 863-5485
Melinda
Freedom First Properties
Meet the Staff | Contact Us | Find A Home! | Short Sales | Local Communities | Avoid Foreclosure | Appraisal Review | $8K Fed Tax Credit | Press Release | Our Homes | Home | Neighborhood Prices | Maximum Mortgage Calc | Rent vs Buy Calc | Mortgage Calculators | 9 Steps to Ownership | Buying Foreclosures/REO's | My Blog | Orange County Buyers
Copyright © 2010 Freedom First PropertiesPortions Copyright © 2010 a la mode, inc.Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site MapAll rate, payment, and area information are estimates and approximations only.