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• NAR Hails Passage of Stimulus Bill

  The NATIONAL ASSOCIATION OF REALTORS® congratulated the U.S. Congress for quickly passing a national economic stimulus package and thanked President George W. Bush for his leadership and willingness to promptly enact legislation that will help thousands Read More... Posted Saturday, February 09, 2008 7:45 AM by Dave Recker | 0 Comments Filed under: Real Estate, Legislation

• House OKs Lift on Fannie, Freddie Loan Limits

  The economic stimulus package hammered out between the White House and Congress on Thursday lifts the size of home loans that may be bought or insured by Fannie Mae and Freddie Mac. The Fannie/Freddie cap would rise to $729,750 for one year. Currently Read More... Posted Saturday, January 26, 2008 6:51 AM by Dave Recker | 0 Comments Filed under: Real Estate, afforability, Legislation

• House Committee Passes Mortgage Reform Bill

  The U.S. House Financial Services Committee approved legislation on Tuesday creating new consumer protection standards in the mortgage industry. The bill drafted by Rep. Barney Frank (D-Mass.) would: Ban lenders from making loans that borrowers don't Read More... Posted Friday, November 09, 2007 6:41 AM by Dave Recker | 0 Comments Filed under: Real Estate, Legislation

• Do Troubled Homeowners Deserve a Government Bailout?

  I question why the government should bail out home owners caught up in the housing downturn when many of them are in trouble because of greed or irresponsibility. Many homebuyers lack down payments, money for closing costs, and want to buy large homes Read More... Posted Wednesday, September 26, 2007 6:37 AM by Dave Recker | 0 Comments Filed under: Real Estate, Finances, North Carolina, Rocky Mount, afforability, loans, Legislation

• House Committee Passes FHA Reform Act

  The U.S. House Financial Services Committee on Thursday passed legislation allowing the Federal Housing Administration to offer borrowers a safer alternative to risky mortgage products and to help many home owners facing foreclosure. The NATIONAL ASSOCIATION Read More... Posted Monday, May 21, 2007 5:30 PM by Dave Recker | 0 Comments Filed under: Real Estate, Tips & Information, Legislation