Blog Archives

AgentGenius on the Housing Reform Act

For a more in depth look at the Housing Reform Act of 2008 and especially what it will mean for the Capital Gains taxes – look no further than to AgentGenuis Housing and Economic Recover Act of 2008 REvealed  Be

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Posted in Mortgage News

Housing Reform Act of 2008 and the Lake Powell Real Estate Market

Specific areas of the Housing Reform act of 2008 will affect the Lake Powell Real Estate market on both the Utah and Arizona sides. The FHA lending cap which was set to reset to a much lower rate at the

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Posted in Mortgage News

Down Payment Assistance Programs Look to be Going Away

I’ve written several times over the past few months about Nehemiah and Ameridream, two of the largest down payment assistance programs in the country. A bill eliminating, or severely limiting, Down Payment Assistance (DPA) programs has already passed Congress, is

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Posted in Mortgage News

Down Payment Gifting Programs Update

Quick update here If you have a home to sell, or are looking to buy in the Lake Powell area, it might be a good time to consider use of down payment assistance programs. With FHA requirements getting tighter, accepting

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Posted in Mortgage News

Financial News of the Weekend Featuring IndyMac, Fannie, and Freddie

Where to start? On Friday, the 6th largest bank, IndyMac, was closed and taken over by the Fed. Interesting, sad, even. The new bank will be called Indy Mac Federal Bank and the Federal Deposit Insurance Corporation (FDIC) was named

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Lake Powell Real Estate – First Time Homebuyers Program for Utah

This is the second in a series of articles regarding first time homebuyers assistance programs for the Lake Powell area. See first article here. While not all people qualify for the assistance programs if you are interested in buying Lake

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Posted in Lake Powell Real Estate Utah, Mortgage News

HUD, Rating Agencies, The Big Three, and The Ongoing Mortgage Mess

In an attempt to try and get a grip on what has happened in the mortgage mess I read a lot. Tonight there was a interesting article on MSNBC (see article here) about the part HUD, Housing and Urban Development,

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Posted in Mortgage News

Lake Powell Real Estate – First Time Homebuyers Assistance Program

Folks interested in owning a home in the Lake Powell area should be aware of the first time homebuyers assistance programs. Because the Lake Powell real estate area encompasses two states, Arizona and Utah, we’ll discuss assistance programs in both

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Posted in Lake Powell Real Estate, Mortgage News

FHA Increases Limits Nationwide – Stats for Kane County and Coconino County

Last week, President Bush signed into law a $152 billion economic stimulus bill that includes temporary increases in loan limits for the government sponsored enterprises ie. Freddie Mac, Fannie Mae and FHA until December 31. In order to help sort

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Posted in Mortgage News

Nehemiah Hud Lawsuit Statement

On March 3, 2008 Nehemiah officials released a statement regarding the ongoing lawsuit with HUD. Background: Nehemiah is the largest of the privately funded, non-profit, downpayment assistant programs. In October 2007, HUD ruled to ban private downpayment assistance programs. Nehemiah

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Posted in Mortgage News