Archive for July 2009

$8K tax credit downpayment challenges Florida officials

Jul 9th, 2009 | By Gregory Arzumanov | Category: Housing News, South Region

TALLAHASSEE, Fla. July 8, 2009 Trying to get the $8,000 tax credit downpayment loan to help a homebuyer? Local officials charged with administering the SHIP (State Housing Initiatives Partnership) program and, by extension, the Florida Homebuyer Opportunity Programs (FLHOP) $8,000 tax credit bridge loan peppered state officials with questions yesterday in a conference [...]



Maximum LTV for Obama Administration’s Refi Program Increases to 125 Percent

Jul 9th, 2009 | By Gregory Arzumanov | Category: Financial News

On July 1, 2009, Federal House Finance Agency (FHFA) Director James Lockhart joined Treasury Secretary Timothy Geithner and HUD Secretary Shaun Donovan in announcing a major expansion of the Obama Administration’s Home Affordable Refinance Program for Fannie Mae and Freddie Mac loans. The change will allow current borrowers with loan-to-value (LTV) [...]