Minnesota mortgage and home loan info for first time buyers, MN down payment assistance and more
Tonight Calculated Risk is reporting the details of what the final negotiations have pulled together. Citing a report on Bloomberg Calculated Risk is reporting the following details in this new version of the tax credit:
Income eligibility for first-time home buyers stays at $75,000 for individuals and $150,000 for couples.
For move-up buyers, income eligibility is $125,000 for [...]
There is a bunch of movement today on extending the $8,000 tax credit. Several media sources, including this article from Bloomberg and this one from CNBC, are reporting that Washington insiders think something will get approved this week.
The most likely scenario for approval appears to be a plan that would extend the credit throughout 2010. This plan [...]
Alex Stenback over at Behind The Mortgage picked up an interesting story by The Washington Post about the Making Home Affordable Refinance program. According to the Post:
…only 93,070 borrowers have been helped since the effort was launched in April…
The refinancing program is part of the Obama administration’s massive housing program, known as Making Home Affordable. The [...]
I mentioned in my last article that I have been avoiding writing much about the upcoming changes until more details are revealed. This brought in a number of questions about what we do and don’t actually know about the plan.
The full plan is to be released on March 4th. I will be writing a bit [...]
Some readers have been asking why I have yet to write about the Housing Bail Out plan announced by President Obama this past week. The simple answer is that I don’t feel like I’ve had enough time to review the details to accurately assess anything. But, I have started to get into it and here is an [...]
