Spring 2010
Biggest Mistakes Homebuyers Make
Buying a home is the biggest purchase most people will ever make, yet many go into it blind. Here are the six most common -- and costly -- mistakes homebuyers make.
http://money.cnn.com/galleries/2010/autos/1004/gallery.
Costly_homebuying_mistakes/index.html
Fed Ends Its Purchasing of Mortgage Securities
The Federal Reserve’s single largest intervention to prop up the American economy, its $1.25 trillion program to buy mortgage-backed securities, came to a long-anticipated end last week. The program has been credited with holding mortgage interest rates at near-record lows and slowing the nationwide decline in home prices that threatened to send the economy into an extended slump.
http://ncrealtors1.blogspot.com/2010/04/fed-ends-its-purchasing-of-mortgage.html
Homeownership for Everyone?
With the subprime market in ruins, affordable housing advocates are looking at new ways to promote responsible homeownership for low and moderate income families. While many policy makers would resign low and moderate income families to rental housing, a new study makes a case for keeping the door open to homeownership at all income levels.
http://ncrealtors1.blogspot.com/2010/04/homeownership-for-everyone.html
N.C. to Receive $159 Million in Federal Housing Aid
The Obama administration unveiled a $600 million financial aid package for five states, including North Carolina, that are plagued by high unemployment rates. North Carolina is eligible to receive $159 million of the aid, which will go to housing agencies in states with counties where the unemployment rate is above 12 percent.
http://www.newsobserver.com/2010/03/30/413413/us-money-to-save-nc-homes.html
Geithner: No Change to Fannie, Freddie Until 2011
The Obama administration will wait until 2011 to propose an overhaul of mortgage giants Fannie Mae and Freddie Mac, Treasury Secretary Timothy Geithner said last week, arguing that he wanted to put some distance between a new system and what he called, "the worst housing crisis in generations."
http://tinyurl.com/yc7lkoxBattling |
