Good news on the housing front!

 
Help may be on the way for troubled homeowners!  In addition to proposing an increase in FHA loan amounts to $417,000, President Bush also will ask Congress to suspend, for a limited period, an Internal Revenue Service provision that penalizes borrowers who refinance the terms of their mortgage to reduce the size of the loan or who lose their homes to foreclosure

The government is taking action to enable more low-cost financing to be available for military veterans buying homes in pricier areas of the country.

Some home buyers gain edge from credit crisis
Countrywide responds to scathing New York Times article - two sides to every story right?
 

 

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