Thursday, February 25, 2010

IRS Home Buyer Tax Credit

Home buyer tax credit info enter into a binding contract to buy, a principal residence on or before April 30, 2010, Here is the tiny url link to the IRS for the $8,000 tax credit http://tiny.cc/lVuf2

September 1999 the catalyst to the current mortgage crisis

Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html