http://activerain.com/t/951281 – Video intro on weekly newsletter from Mortgage Consultant Ed Bisquera, featuring market report on real estate, homes, houses, real estate for sale and latest mortgage interest rates. Down payment istance programs covered as well. Low interest mortgage loans in Portland Oregon Vancouver Washington. War is Declared On The Weak Economy!
Congress and the President have declared war on the weak economy and especially on the housing market. That makes sense because it is the housing market that caused the economy to collapse and we will not have a recovery without a healthy or at least stable housing sector. Immediately after signing the $780 billion Stimulus Bill and putting into law a stronger tax credit and higher allowable loan limits for Fannie Mae, Freddie Mac and FHA, the President wasted no time delivering the second of two strong punches. His housing rescue plan contained several elements that should help the housing market, though it remains to be seen how many will be helped and who will be left out.
The goal of the housing plan is to help nine million homeowners. That is a very ambitious number, especially considering the fact that there are less than 100 million homeowners in the United States. If 10% to 20% of the homeowners are isted, certainly it will help bring about economic recovery more quickly. The number is not too ambitious considering the fact that millions of homes have already gone into foreclosure and millions more are waiting in the wings. Our news this week will contain a description of the elements of the stimulus package and next week we will cover the Presidents housing plan. But we caution that since the final regulations are not published, these details may change in the coming weeks and months.
Learn about the Housing Stability Plan and $8000 First Time Homebuyer Tax Credit in other videos at http://blog.pdxloan.com or http://activerain.com/blogs/edbisquera
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