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Six Proposed Goverment Financing Changes
eve88
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6-2-2008 10:09 AM
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tags:
goverment loans
,
housing market
,
real estate market
eve88
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*To view the full post, please visit:
http://www.brokerforyou.com/brokerforyou
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/e8bb17ca-daa3-4b50-b56e-c7e05d494be4/E5888C1C-89D5-4F2B-9686-8DED50C77F44/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.brokerforyou.com/brokerforyou/?p=364" href="http://www.brokerforyou.com/brokerforyou/?p=364" style="font-size: 11px;">www.brokerforyou.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.brokerforyou.com/brokerforyou/?p=364"><P><SPAN>FNMA and FHLMC have proposed 6 major changes to help stabilize the housing and home financing market. These changes include:</SPAN></p> <P> 1. The elimination of the "declining market" designation which forced lenders to reduce maximum financing by 5% in many markets (San Diego County included). Some individual lenders and investors will continue to use this designation but not loans that are directly sold to FNMA and FHLMC. This begins effective June 1st 2008. This is good news!</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/E5888C1C-89D5-4F2B-9686-8DED50C77F44/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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