From the category archives:
Though its demise drew little attention because of the partisan year-end brawl over the payroll tax cut extension in Congress, a key mortgage financing benefit disappeared at the end of December: the ability of large numbers of home buyers and owners to write off the premiums they pay for mortgage insurance. The loss of that [...]
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It didn’t take long for the lower mortgage limits that began October 1st to be changed. As of November 18th the mortgage rate limits were selectively revised with FHA loan limits increasing but with conventional loan limits staying the same. Does this change make a lot of sense? No. Is this change the law of [...]
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Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, released a statement this week urging Congress to pass legislation to reinstate the higher loan limits for the Federal Housing Administration which expired on September 30, 2011. “Legislation pending in the House and Senate will restore the higher [...]
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