A top lawmaker on Capitol Hill is calling for the elimination of mortgage finance companies Fannie Mae and Freddie Mac and the establishment of a new system to provide money for U.S. home loans.
Rep. Barney Frank, D-Mass., the chairman of the House Financial Services Committee, said Friday he supports replacing the two companies entirely.
“I believe [...]
Posts Tagged ‘tax credit’
Rep. Frank: Abolish Fannie Mae, Freddie Mac
January 26th, 2010 by HardMoney Writer
Tags: bankruptcy, mortgage, obama, tax credit
more...Buying-and-selling real estate in this market takes experience, deep pockets
December 1st, 2009 by HardMoney Writer
In a booming real estate market, making money investing in homes is easy. Buy a house, slap on a new coat of paint or replace the carpeting and ride the appreciation train to a quick, profitable resale a few months later.
When prices decline — as they have in the Puget Sound area over the past [...]
Tags: broker, foreclosed, foreclosure, home investors, investments, investors, making money, mortgage holders, real estate, Real Estate Association of Puget Sound, real estate investors, resell homes, tax credit
Buying and selling real estate in this market takes experience, deep pockets
November 30th, 2009 by HardMoney Writer
In a booming real estate market, making money investing in homes is easy. Buy a house, slap on a new coat of paint or replace the carpeting and ride the appreciation train to a quick, profitable resale a few months later.
When prices decline — as they have in the Puget Sound area over the past [...]
Tags: broker, foreclosed, foreclosure, hard money, home investors, investors, lenders, making money, mortgage brokers, private investors, real estate, Real Estate Association of Puget Sound, realtors, tax credit
Market Conditions
November 13th, 2009 by HardMoney Writer
Sales increased from the second quarter in 45 states and the District of Columbia; 28 states and D.C. saw double-digit gains. Year-over-year sales were higher in 32 states and D.C.
Lawrence Yun, NAR chief economist, said the tax credit is a significant factor. “We can’t underestimate just how powerful a catalyst the first-time home buyer tax [...]
Tags: broker, chief economist, foreclosure, short sales, tax credit