|
HUD Launches Comprehensive Website To Increase Financial Literacy, Promote Healthy Homeownership |
My Money, My Home, My FutureWASHINGTON - The U.S. Department of Housing and Urban Development today launched a new, comprehensive website to assist Americans with improving financial literacy, sustaining healthy homeownership and achieving financial security. The My Money, My Home, My Future website provides a range of interactive resources to inform users about the importance of financial literacy, including a Self-Assessment Tool, online games and informative classes. |
|
Read more...
|
|
|
Great news for home buyers and sellers instituted by the Federal Reserve |
|
Written by Washington
|
|
Tuesday, 25 November 2008 00:00 |
|
The Federal Reserve announced on Tuesday that it will initiate a program to purchase the direct obligations of housing-related government-sponsored enterprises (GSEs)--Fannie Mae, Freddie Mac, and the Federal Home Loan Banks--and mortgage-backed securities (MBS) backed by Fannie Mae, Freddie Mac, and Ginnie Mae. Spreads of rates on GSE debt and on GSE-guaranteed mortgages have widened appreciably of late. This action is being taken to reduce the cost and increase the availability of credit for the purchase of houses, which in turn should support housing markets and foster improved conditions in financial markets more generally. |
|
Read more...
|
|
Government Takes Control of Fannie, Freddie |
|
08 Sep 2008 The Government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac, launching what could be its biggest federal bailout ever, in a bid to support the U.S. housing market and ward off more global financial market turbulence. Officials were concerned mounting losses at the two companies, which own or guarantee almost half of the country's $12 trillion in outstanding home mortgage debt, was sapping their vitality and threatening to undermine them at a time other sources of housing finance have largely run dry. "Our economy and our markets will not recover until the bulk of this housing correction is behind us," U.S. Treasury Secretary Henry Paulson said at a news conference. "Fannie Mae and Freddie Mac are critical to turning the corner on housing." Read full story... |
|
|
Hud Issues New Mortgage Rules To Help Consumers Shop For Lower Cost Home Loans |
|
Written by Washington
|
New 'Good Faith Estimate' will help borrowers save nearly $700
WASHINGTON - For the first time in more than 30 years, the U.S. Department of Housing and Urban Development today issued long-anticipated mortgage reforms that will help consumers to shop for the lowest cost mortgage and avoid costly and potentially harmful loan offers. HUD will require, for the first time ever, that lenders and mortgage brokers provide consumers with a standard Good Faith Estimate (GFE) that clearly discloses key loan terms and closing costs. HUD estimates its new regulation will save consumers nearly $700 at the closing table. Federal Register link to RESPA rule |
|
Read more...
|
|
By MLS Brokers
You can now list your property in the Realtors MLS and Realtor.com for a flat fee and save thousands.
 Are you thinking about going FSBO? Brokerless, a Florida based Real Estate company, has a great solution. Brokerless will list your property in your local MLS for a flat fee while you retain your Forsalebyowner status. It's amazing! You will no longer be subject to the exorbitant fees associated with listing your property in your local MLS.
|
|
Read more...
|
|
|
|
|
Page 3 of 4 |
