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Topic: Economy | By CJP | July 30, 2008
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- Give the FHA $300 billion to refinance underwater mortgages. The borrower has to prove they can pay the cheaper mortgage and the bank has to write a loss off and set a cheaper principal price.
- Provide $3.9 billion in grants for cities to buy and fix up foreclosed houses to keep property values up;
- It increases to $625, celexa in uk, Buying generic celexa, 000 the amount of a "jumbo loan" that Fannie Mae and Freddie Mac can insure. But aren't Fannie and Freddie in distress?
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But wait, there's more, celexa pill. Celexa free sample, The bill also:
- Gives up to$7,500 in tax breaks to first time home buyers and lets the non-itemizing homeowners among us take $1K off the top of next year's tax return.
- Prohibits the Federal Housing Authority from insuring a mortgage where the seller pays the borrower's down payment.
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