Though the news is rife with doom and gloom reports about the economy, The Debbie Reed Team has recently seen improvements in its corner of the real estate market, as well as attractive opportunities for the savvy investor with a plan. Recently, Thomas McGlone of Wachovia Financial introduced the team to an innovative investment-planning process [...]
Read Full Post | Make a Comment ( 48 so far )The government seized control of the nation’s two largest mortgage finance companies, Fannie Mae and Freddie Mac, on Sunday.
The bailout plan is similar to a government conservatorship as in a bankruptcy reorganization. The plan also reorganizes management of the companies. The rescue package is one of the most monumental interventions in private enterprise by the [...]
James B. Lockhart III has been named the director of the new Federal Housing Finance Agency or FHFA. The agency was created this week, following President Bush’s signing of the extensive Housing Rescue Bill into law this week. Among his primary responsibilities will be regulating the troubled Fannie Mae and Freddie Mac. The agency will [...]
Read Full Post | Make a Comment ( 2,064 so far )President Bush signed the historic Housing Bill into law today. Though many have doubts that the bill will help a wide enough demographic of those hit by the mortgage crisis of this last year, it appears that lawmakers and the President came together for this partial measure to shore up some of the biggest leaks [...]
Read Full Post | Make a Comment ( 56 so far )WASHINGTON, March 06, 2008 - The U.S. Department of Housing and Urban Development today published new FHA and conforming loan limits, based on median home prices as mandated by the Economic Stimulus Act signed by President Bush in February. New loan limits for FHA and Fannie Mae and Freddie Mac are now calculated at 125 [...]
Read Full Post | Make a Comment ( 39 so far )Local news from GOREHOBOTH - a Delaware Real Estate News Blog
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