According to reliable sources, House and Senate banking committee leaders are close to an agreement on a landmark housing bill on which the Senate might vote on this week. This legislative package would, in part, authorize the Federal Housing Administration (FHA) to refinance 400,000 to 500,000 at-risk loans to prevent additional foreclosures. The bill would raise the FHA loan limits, and allow use of taxpayer funds, to pay for the FHA foreclosure rescue package. The cost to the taxpayer could be $960 million over three years. We can hope that the final revision, after passing both the House and Senate, will eliminate the taxpayer funding provision. San Diego MLS listings
Homes take 18 months on average to work through the foreclosure process.. Imagine what foreclosures will look like 18 months from now!
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If a lender puts a buyer in an inappropriate loan product or does not disclose to that buyer the risks of that product, the LENDER is at fault.
San Francisco Lawyers
The lending industry has been grossly unregulated. If real estate agents treated customers like some of the unscrupulous lenders that I have encountered in the past 15 years, they would have lost their licenses and been sued.
San Diego Eye Surgery
As the Chairman of The Federal Reserve speaks about “Juicing the Economy” are we as Americans looking to what the long term will bring. If we keep making the dollar so easy to borrow as a short term stimulus to our economy are we not devaluing the current abroad making foreign products cost more to import?
SD Plastic Surgery
In the end, the coming days, weeks, and months, it will become increasingly more important that The Federal Reserve and it’s policy makers in the government keep an eye on both Wall Street and Main Street. America is made of lot of little guys that make our economy run…… If the little guy has a problem in our economy… The Big Guys in our economy feel the pinch.
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