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FHA Loan Limits
FHA Loan Limits As a result of the passage of the American Recovery and Reinvestment Act of 2009, on February 25, 2009, HUD published changes to FHA’s single family loan limits . Given that most of the loan limits decreased for 2009, most areas will revert to the higher 2008 mortgage limit. On October 29, 2009, House and Senate passed legislation to extend the current loan limits for FHA and... [Read more]
This Month In Real Estate – October 2009
Each month, This Month in Real Estate provides expert opinion and analysis on real estate trends across the nation. The aim of the consumer-oriented segments is to provide real information on real estate. Read More →
Congress clears way to rent foreclosures
Here are two questions getting a lot of attention on Capitol Hill and from the Obama administration: When homeowners lose their houses to foreclosure, should they be able to stay in the property, leasing it at fair market rent from the lender? Should they also get an option to purchase the house from the bank at the end of the lease term, assuming they have the income to afford it? Before leaving... [Read more]
