Sierra Title Blog

The interest rate for a 30-year mortgage fell for the eighth time in nine weeks!!!

http://latimesblogs.latimes.com/money_co/2010/08/mortgage-rates-sink-lower-still.html

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With home prices still falling, administration opens up rescue program to homeowners whose loans are 125% of their home’s value.

NEW YORK (CNNMoney.com) — The Obama administration is widening its mortgage refinancing program to allow more borrowers hit hard by falling home prices to take part.

Borrowers whose loans are now worth up to 125% of their home’s value are now eligible to refinance their homes under the Obama foreclosure prevention plan announced in February. Previously, the limit was 105%.

The move acknowledges that home prices in many areas have fallen so far that many people were shut out of the program.

Read More:

http://money.cnn.com/2009/07/01/news/economy/Obama_refi_program/index.htm?po

The Office of Thrift Supervision, on the brink of being reformed out of existence by Obama’s regulatory overhaul, finds a surprising amount of support.

NEW YORK (Fortune) — No one said selling a regulatory reform package would be easy.

As a case in point, consider the Office of Thrift Supervision. The OTS, a branch of the Treasury that was established 20 years ago to supervise savings-and-loans, would be eliminated in the oversight overhaul the Obama administration outlined Wednesday.

Read more.

http://money.cnn.com/2009/06/17/news/overhaul.arrows.fortune/index.htm?postversion=2009061803

HUD tweaked stimulus tax incentive so first-time homebuyers get instant assistance with down payment and closing costs. NEW YORK (CNNMoney.com) — First-time homebuyers will now have access to quick cash to help them with their down payments.

http://money.cnn.com/2009/05/29/real_estate/tax_credit_as_downpayment/index.htm?section=money_realestate