Matt Carter of Inman News reports that both houses of Congress have passed an economic stimulus package which includes raising the conforming loan limit substantially. It is believed the new limit in California will be $729,750.
I think we will need a few weeks to let the “dust settle” before it becomes clear exactly how the […]
Entries Tagged as 'Pending Legislation'
Fannie Mae Freddie Mac loan limits have been increased !
February 8th, 2008 · No Comments
Tags: Pending Legislation · Sub-Prime Mortgage Issue · Real Estate Finance · Real Estate
What do you think about agents taking listings off market and then putting them back on as new listings?
January 31st, 2008 · 2 Comments
The FrontSteps a San Francisco Real Estate Blog reports the ABC Nightline may do a story on the the practice of some seller agents taking a listing that has not sold off the market and then putting the property back on the market so it shows like it is a new listing.
Many believe this practice […]
Tags: Pending Legislation · New listings · Helpful Sites · Real Estate
Potential Change in Fannie Mae Freddie Mac loan limits
January 24th, 2008 · 3 Comments
The House of Representatives has just passed a bill raising the Fannie Mae Freddie Mac loan limit from $417,000 to $625,000. The bill is on its way to the Senate and President Bush has indicated that he will sign the bill should the Senate pass it.
This is a potentially promising development for home buyers and […]
Tags: Pending Legislation · Credit Information · Real Estate Finance · Real Estate