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WASHINGTON, D.C. - The U.S. House of Representatives passed H.R. 3221, the American Housing Rescue and Foreclosure Prevention Act of 2008. The bill includes a temporary, $7,500 first-time home buyer tax credit which many believe will jump start the housing market and bring buyers off the sidelin...
07/25/2008
By: Matt Carter, Inman News, July 24, 2008 But some lenders are crafting listing agreements that attempt to shift the risk that comes with sales of bank-owned homes -- including property defects and personal injury claims -- onto real estate brokers. For entire article, go to: http://www.inman...
07/24/2008
Mortgage programs that helped nearly 79,000 people buy homes using government-insured loans last year would be eliminated as part of a broader housing package that Congress expects to pass this week, key lawmakers said. For entire article, go to: http://www.washingtonpost.com/wp-dyn/content/arti...
07/24/2008
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The Bush administration acted over the weekend to prop up confidence in Fannie Mae and Freddie Mac. A three-part plan has been developed to address the loss of investor confidence in the two secondary lenders, U.S. Treasury Secretary Henry M. Paulson Jr. said in a statement Sunday. The plan was d...
07/14/2008