WASHINGTON – Federal Housing Administration (FHA) Commissioner David Stevens today announced a set of policy changes to strengthen the FHA’s capital reserves, while enabling the agency to continue to fulfill its mission to provide access to home ownership for underserved communities. The changes announced today are the latest in a series of changes Stevens has enacted in order to better position the FHA to manage its risk while continuing to support the nation’s housing market recovery.
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Archive for ‘Real Estate’
FHA Changing Loan Policies to Reduce Risk
Realtors Urge Congress to Extend First Time Homebuyer Tax Credit
Washington (NAR) – The National Association of REALTORS® (NAR) is calling upon its 1.2 million members to urge Congress to extend the successful homebuyer tax credit into next year.
Since its inception earlier this year, the $8,000 first-time homebuyer tax credit has brought 1.2 million new buyers into the market—350,000 of whom would not have purchased a home without the credit, according to NAR. The credit is due to expire November 30.
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Recently Discovered Housing Bubble Video Shows That History Repeats Itself
As the world around us panics, this historical video reminds us that there have been problems in the housing market before.
