Congress extends Fannie and Freddie conforming loan limits for Boston thru 2010

Posted by Michael DiMella on Wed, Nov 18, 2009

On October 29, 2009, the House and Senate passed legislation to extend the current conforming loan limits for FHA and Freddie Mac and Fannie Mae (the government sponsored enterprises, or GSEs, that back much of the mortgage market in the U.S.) through December 31, 2010.  These loan limits, set at 125% of local area median home price and capped at $729,750, would have expired on December 31, 2009 in which case loan limits would have been reduced in many markets.
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Tags: Boston real estate, economy, politics, buyers, financing

Making Home Affordable: loan modification and refinance details from the US Treasury

Posted by Michael DiMella on Wed, Mar 04, 2009

Details on Obama's "Making Home Affordable" plan were released today be the Treasury.  I wrote a detailed post about the announcement and the loose guidelines of the plan a couple of weeks ago in Obama unveils new $75 billion foreclosure prevention plan.  Now the Treasury has released (some) further details, so I wanted to pass those along as well.

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Tags: mortgage, politics

Will the election being over (finally!) help the economy?

Posted by Michael DiMella on Tue, Nov 04, 2008

There have been plenty of stories written about how confidence will be restored in the markets (stock market and housing market) once the election is over.  But does this really make any sense?  Are there other issues at play?

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Tags: economy, politics