Tags » California Housing Market

Fannie Mae and Freddie Mac offer 3 percent down payment option to help first-time home buyers

California REALTORS® hailed the Federal Housing Finance Agency’s announcement this week that government-sponsored enterprises Fannie Mae and Freddie Mac will lower down payments to as little as 3 percent for first-time home buyers and permit refinancing borrowers to reduce equity to 3 percent to cover closing costs. 325 more words

Real Estate

NAR Calls REALTORS® to Action: Urge your Senators to extend mortgage debt forgiveness tax relief

The income tax exemption on mortgage debt forgiven in a short sale or a workout for principal residences expired at the end of 2013. Without immediate action by Congress, distressed homeowners will have to pay tax on “phantom income” from forgiven debt. 138 more words

Real Estate

Bloomberg Financial Interview at the BNY Mellon Conference: Housing Reality

Podcast time 2:30 – 13:30


Thanks To Kathleen Hays, Vonnie Quinn & Bloomberg Financial for the invitation to the St. Regis hotel in Monarch Beach… 30 more words