Certain CalHFA First Time Homebuyer Programs Suspended
This is unfortunate news that came quickly and unexpectedly. CalHFA is a state-specific governmental agency that helps first time homebuyers get into their first home via down payment assistance programs and other solutions. CalHFA has been instrumental in helping...It’s Official: Government Take-Over of Fannie Mae and Freddie Mac
It was announced on Sunday, September 7th that the federal government is officially taking control of mortgage giants Fannie Mae and Freddie Mac in a manner of “conservatorship” and that they will be regulated by the newly-created Federal Housing Finance Agency...For Better or For Worse: new appraisal process come January 2009
The credit crunch is making everything harder, interest rates more expensive, lenders much stricter and loans harder to come by. With this credit crunch comes the Home Valuation Code of Conduct, a new Fannie Mae and Freddie Mac rule that will be implemented in January...New Conforming Loan Limits Beginning January 1, 2009
UPDATE to conforming loan limit changes are reviewed on 3/29/09 here: http://loansbyireneblog.com/2009/03/28/explaining-the-conforming-loan-limit-changes/ Many of you are already aware of one of the major components of the Economic Stimulus Plan: the temporary...Loan Calculator
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