Mark Phillips's (mcploans) Blog

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Real Estate Agent - RE/MAX Hometown
RECENT BLOG POSTS
Frugality is finally showing up in new home developments. Although the number of new single-family houses sold this year will probably be down about 68 percent from the peak of almost 1.3 million sold in 2005, there will still be about 420,000 households buying new homes this year, according to t...
01/27/2009
Click Here to view the video!! Click Here to visit my website!!! If you don't take yourself to seriously and like to laugh this is for you.  I know times are tough and people are going through many different types of hardships right now.  This video shows the hardships that CEO's are going throug...
01/26/2009
The Obama administration is promising an aggressive fight against the rising tide of home foreclosures, but officials have yet to decide what strategy -- or combination of strategies -- they will use. Among the possibilities being pushed by various interest groups are a six-month foreclosure mora...
01/25/2009
Not long ago, no-down-payment loans were the height of fashion for home buyers. But now that lenders have tightened their standards, borrowers once again are expected to "put some skin in the game," to use a favorite industry catchphrase. That "skin" refers to the borrower's own cash, and it mean...
01/25/2009
President Bush today signed into law a $152 billion economic stimulus bill that will temporarily allow Fannie Mae, Freddie Mac, and the Federal Housing Administration to guarantee mortgages as large as $729,750 in some high-cost markets.HR 5140, the Economic Stimulus Act of 2008, raises the confo...
02/13/2008
FYI The economic stimulus plan worked out last week in Washington, should provide nearly a year of cheaper loans for Californians buying or refinancing higher-cost homes.  Leaders of the House of Representatives and the White House agreed that the size of loans that can be purchased by government...
02/05/2008
Forgiveness of Debt on Short Sales:On December 20, President Bush signed into law H.R. 3648, the Mortgage Forgiveness Debt Relief Act of 2007. While this piece of legislation is far from being a cure for all the ills caused by the recent and on-going decline in the real estate mortgage sector, it...
01/24/2008
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  Bush is hailing the deal with congressional leaders on tax rebates and business tax cuts as "an effective, robust and temporary set of incentives" that will boost not only the U.S. economy, but other world markets..Congressional leaders announced the deal with the White House today on an econom...
01/24/2008
 New home sales in November have a bad showing in all regions of the country except the rise in the West.Sales dropped 19.3% in the Northeast, 27.6% in the hardest hit Midwest, and 6.4% in the South.  The only region to rise was the West, which gained 4% in November. The median price of a new hom...
12/28/2007
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SENATE PASSES FHA MODERNIZATION BILLHomeowners across the country score a victory with the passing of the Dec. 14 approved legislation designed to modernize the Federal Houseing Adminastations mortgage insurance program. By increasing Loan limmits borrowers that are currently in sub-prime loans m...
12/28/2007
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