Items Tagged with '110th United States Congress'


  • The Any-Time Homebuyer Tax Credit

    A new bill introduced in the House Thursday, HR  2801 or Home Ownership Moves the Economy (HOME) Act of 2009, aims to make the current $8,000 first-time home buyer tax credit available to literally anyone that purchases a primary residence through the end of 2010.
    Read More
  • 2009 Conforming Loan Limits Jump

    The American Recovery and Reinvestment Act (ARRA), which was signed into law last Tuesday, increased the maximum conforming loan limit for mortgages originated in 2009, said the Federal Housing Finance Agency Monday. The increase affects 250 counties across the United States.
    Read More
  • Raw Weekly Application Volume Jumps

    Raw application volume jumped 45.7 percent for the week ending Feb. 13, according to the weekly survey released Wednesday by the Mortgage Bankers Association. The four-week moving average is down 9.6 percent, however, showing an application market that remains seasonally weak overall. Confidence crept back into refinance; the refinance volume index increased 64.3 percent from the week-ago level. Refi applications rose to 74.2 percent of total application activity from 66.7 percent the week before, according to the MBA's data.
    Read More
  • Mortgage Applications Slip Nearly 25 Percent

    Mortgage applications dropped a seasonally adjusted 24.5 percent in the week ending February 6, 2009, according to a weekly survey released Wednesday by the Mortgage Bankers Association. Refinance applications slouched a significant 30.3 percent, making up 66.7 percent of total applications, compared to 73.2 percent the prior week.
    Read More
  • An Influx of Housing Bills Awaits the New President

    Just days before the inauguration of President-elect Barack Obama, legislators and lawmakers are composing a variety of proposed bills aimed at reforming the face of housing in 2009. The influx of new bills is in its early stages, but it will certainly make for no shortage of work for the 111th Congress and the 44th President of the United States.
    Read More