Comments on: Big Economic News on Real Estate and Mortgages

By: Big Economic News - Mortgage and Real Estate Update | Home-Buddies

Big Economic News - Mortgage and Real Estate Update | Home-Buddies — Tue, 15 Jul 2008 17:22:11 +0000

[...] case you missed my previous article, Congress is quickly moving to pump billions of dollars into mortgage markets! This action is more [...]

By: Cliff Pape

Cliff Pape — Tue, 10 Jun 2008 23:37:43 +0000

Thanks, are there any other particular economic, real-estate, financial and market information you think people would be interested in?

By: Fha Housing Program

Fha Housing Program — Tue, 10 Jun 2008 17:55:13 +0000

Fha Housing Program…

Your blog makes very interesting reading. I’m sure others will think so too I look forward to reading their comments….

By: Cliff Pape

Cliff Pape — Thu, 29 May 2008 19:09:34 +0000

That is a great question. The biggest change is that the senate bill would be in affect through 2011 where as the house bill would have been in affect through 2012. In addition, the senate bill does a much better job of taking the burden off of the tax payer. They have done this by providing a fund that Fannie Mae and Freddie Mac have to put money into in case homeowners default on their new government backed loans. This fund would then kick in to ensure that tax payers do not end up paying for the defaulted loans.

To answer your second question, in reality not many, by the time the legislation hits the market most homeowners who “really” needed it will probably have already lost their homes. However, those homeowners who need to refinance to ease their financial burden and/or are upside down in their home will be helped.

By: REBoy

REBoy — Wed, 21 May 2008 23:47:16 +0000

Now that it has passed the Senate, have there been any significant changes?

How much do you really think the bill will help those it was “intended” to help? Cause what I am hearing you say is that yes, loan officers and mortgage companies can really help their clients but since the government is involved, not all the money is going to hit its intended target.

By: Cliff Pape

Cliff Pape — Wed, 21 May 2008 22:48:22 +0000

Thanks we appreciate your support.

By: Tony Orlando

Tony Orlando — Wed, 21 May 2008 22:44:06 +0000

Great Blog post. I am going to bookmark and read more often. I love the Blog template