Bailout

HUD Withdraws Offer/Statement on $8000 Tax Credit

May 14th, 2009

On Tuesday I wrote about an exciting new program that HUD & FHA were rolling out to let the $8000 Tax Credit for First Time Homebuyers be used as a downpayment. That has now been retracted, and the letter removed from the HUD site. Yet Yesterday, HUD Secretary Donovan said that many states already were [...]

$8,000 Tax Credit Can Be Used for Downpayment for Baltimore Homebuyers

May 12th, 2009

**Update May 14, 2009, please see my update that HUD has retracted its statement and that this may NOT be the case everywhere.** The Secretary of the U.S. Department of Housing and Urban Development announced at the National Association of Realtors summit today that the FHA is going to allow lenders to let First Time [...]

105% Refinance on Fannie Mae or Freddie Mac Owned Loans

May 9th, 2009

Yes, believe it or not, you read that right. Tasha Linton, of Atlantic Home Equity Mortgage shared with our office that they are offering 105% Refi Plus on Fannie Mae or Freddie Mac Loans! What's the deal? Primary and investment properties qualify (no limit to amount of properties owned). You can refi up to 105% LTV [...]

Government Bailouts and Fairness to All

December 3rd, 2008

We have all heard about the banks being bailed out, the car makers possibly being bailed out, and those in financial crisis being bailed out. But what about those people who have been financially responsible? Why are those left out of the mix? How is that fair? David M. Michonski, Chairman and CEO of Coldwell Banker [...]