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Catherine Bedrossian's Blog

By Catherine Bedrossian | Agent in Los Angeles, CA
  • Obama Reforming America’s Housing Finance Market

    Posted Under: Home Buying in Torrance, Financing in Torrance, Foreclosure in Torrance  |  February 11, 2011 8:23 AM  |  776 views  |  No comments

    Reforms Will Shrink the Government’s Footprint in Housing Finance on a Responsible Timeline, Help Protect Taxpayer.  The Plan Includes Critical Measures to Help Fix the Fundamental Flaws in the Mortgage Market, Better Target Government’s Support for Affordable Housing. Some of the highlights include:

    · Reducing Conforming Loan Limits

    · Phasing in 10 Percent Down Payment Requirement

    · Better Target the Government's Support for Affordable Housing

    · Reforming and Strengthening the FHA

     

    Interest rates are on the rise. Call me @ (310) 383-4212 if you are want to buy The Right Home at The Right Price before future changes drive interest rates higher.

    Read the full press release here:

    http://www.treasury.gov/press-center/press-releases/Pages/tg1059.aspx
 
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