Archive for the 'Legislation' Category
New Home Buyer Tax Credit To Be Extended?
One of the more popular topics relating to housing lately is whether or not Congress will expand the federal tax credit for new home buyers.
Yesterday, executives from the The Mortgage Bankers organization testified before Congress that they needed to “shore up” the housing market and co…
Can You Close A Loan In 30 Days? It Just Got Tougher.
There is a new law coming soon that will compose it tougher to get a loan closed in 30 days — not impossible — but tougher.
The new change that takes effect on July 30th has to do with the way that loan officers disclose the TIL (Truth In Lending) disclosure.
The Truth-In-Lending mold …
8000 Tax Credit May Be Extended And Rise
One of the most popular topics with new home buyers is the new 8000 tax credit for new home buyers. There is no doubt that for first moment home buyers, that tax credit has been a strong incentive to purchase a home - and the entry level home market has seen improvement as a aftereffect.
Now there i…
FHA To Allow 8000 Tax Credit To Be Used For Down Payment?
Note: This is something that has not yet happened, but may soon happen. I originally posted that info about the 8000 tax credit being used as a down payment on my main site, and thought it was relevant sufficient to share with everyone as to what may soon be around the corner. I once posted somethi…
