congress
New Jumbos Slow To Take Off; Can Better Rates Help Them Fly? (Investor's Business Daily via Yahoo! News)
Posted May 15th, 2008 by Mortgage Rates AdminReal estate in high-priced areas is finally becoming a little easier to buy or refinance, thanks to the jumbo conforming loan program approved by Congress in February.
Jumbo mortgage rates becoming affordable
Posted May 13th, 2008 by AdminThose new jumbo-conforming mortgages, created by Congress to make homes in high-priced areas more affordable, are finally getting cheaper.
Senate Talks Collapse On a Housing Bill
Posted May 13th, 2008 by California Home LoanHope dimmed yesterday that Congress would act quickly to rescue homeowners at risk of foreclosure after key Republican and Democratic negotiators in the Senate said they could not reach agreement on a plan.
Temporary lower capital gains rate is complex
Posted May 11th, 2008 by AdminBack in 2003, Congress lowered the capital gains rate for people in the two lowest federal tax brackets to zero - but only for 2008 through 2010.
Temporary lower capital gains rate is complex
Posted May 10th, 2008 by AdminBack in 2003, Congress lowered the capital gains rate for people in the two lowest federal tax brackets to zero - but only for 2008 through 2010.
Bernanke Urges Flexibility in Mortgage Regulation (NYTimes.com via Yahoo! Finance)
Posted May 6th, 2008 by Mortgage Rates AdminThe Federal Reserve chairman urged Congress to give federal agencies “greater latitude” to take an innovative approach to dealing with the housing crisis.
Bernanke Urges Flexibility in Mortgage Regulation (NYTimes.com via Yahoo! Finance)
Posted May 6th, 2008 by Mortgage Rates AdminThe Federal Reserve chairman urged Congress to give federal agencies “greater latitude” to take an innovative approach to dealing with the housing crisis.
Inaction on jumbo mortgages prompts lawmaker to call hearing
Posted May 6th, 2008 by California Home LoanBOSTON (AP) - A key House lawmaker on Monday complained that the mortgage industry has done little over the past month to make higher-value loans available in costly housing markets after Congress took steps to try to infuse more cash into the so-called jumbo market.
Democrats plan breaking deficit discipline promise again
Posted May 5th, 2008 by California Home LoanWASHINGTON -- Democrats are finding more excuses to ignore the promise they made when they took over Congress that they wouldn't pass laws increasing the budget deficit.
House to hold hearing on why jumbo loans still hard to get
Posted May 5th, 2008 by California Home LoanBOSTON - A key House lawmaker today complained that the mortgage industry has done little over the past month to make higher-value loans available in costly housing markets after Congress took steps to try to infuse more cash into the so-called jumbo market.