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Tag >> Rescue

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


Investors everywhere are cheering at the news that Fannie Mae has rescinded the 4-property limit.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


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