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Tag >> Rescue

Foreclosure “Woes” Continue to Unfold!

Posted by: Carleton Sheets in Rescue, Recovery, Recession, Real Estate, Positive Thinking, Foreclosure, Economy, Economic, Confidence on Jun 09, 2009.

An article I just read in USA TODAY reported that the foreclosure rate will probably continue to move upward for a while. The culprit? And, no, it's not subprime mortgages this time  ... it's the unemployment rate that's beginning to include borrowers who have good credit---and higher-end homes.

News like this undermines the cautious optimism some saw in the housing market recovery and

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Fannie Mae Limits Raised Back to 10

Posted by: Carleton Sheets in Rescue, Real Estate Investor, Real Estate, mortgage, Loan, Limit, Investing in real estate, Fannie Mae on Feb 24, 2009.

Investors everywhere are cheering at the news that Fannie Mae has rescinded the 4-property limit. The limit had been decreased to four properties, but recently has been raised to 10 properties that can be financed through conforming guidelines and insured by the mortgage giant.

Although investors could obtain non-conforming financing through other financing sources, it was often more

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Will Down-Payment Assistance Make a Comeback?

Posted by: Carleton Sheets in Rescue, HR 1424, Housing Bill, Down Payment, Bailout, Assistance on Oct 01, 2008.

Although the news has been fixated on the "rescue" (formerly known as "bailout") package in Washington, I want to remind everyone that one of the provisions of the Housing Bill that passed last July took effect this week on Wednesday, October 1st ... the end of seller-assisted down payments on FHA loans. However, there has been a movement in the real estate industry to repeal this provision

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