Senate approves $151 Billion Economic Stimulus Bill [Bloomberg.com from Marc Herrenbruck and Kelly McCray] Fannie Mae and Freddie Mac, the government-sponsored mortgage finance companies, will be allowed to buy loans worth as much as $729,750 for loans made between July 31, 2007 and Dec. 31, 2008, an increase over the current $417,000 loan limit, a … Continue reading This just in: Conforming loan limit approved by Senate (up to $729,750)
We just received this email from N.A.R. “The U.S. House of Representatives yesterday passed a stimulus package that raises the FHA and conforming loan limits to as high as $729,750 in high-cost areas. There is speculation that the Senate version of the stimulus package DOES NOT include these increases.” Please contact Senator Barbara Boxer and … Continue reading Conforming loan limit increase in jeopardy?
More than just asking, our readers are telling and we’re posting: I think it’s high time we revisit prop 13. It’s obvious we’ll never be able to balance our budgets in the city and in Sacramento, which is no excuse but the restrictions that prop 13 has levied upon them seem unfair. I am a … Continue reading Suggest to us: Discuss Proposition 13
From Kenny: I have a question for my fellow agents out there. Have any of you heard the rumor that there is a moratorium on new curb cuts? I’ve heard it more than once. I think it’s down to two things. One, this fall’s Prop H, which is the exact opposite — it’s a measure … Continue reading Curb Cuts: Who has the answer?
From the San Francisco Association of Realtors Advantage Online: “SB 464 Amended SB 464 (the anti-Ellis Act bill) still is awaiting a vote on the Senate floor. The speculation is that the bill’s author, Sheila Kuehl of Santa Monica, still does not have the votes needed for passage. But to improve her chances she has … Continue reading Ellis Act Senate Bill 464 Update
“SB 464 (the anti-Ellis Act bill) still is awaiting a vote on the Senate floor. The speculation is that the bill’s author, Sheila Kuehl of Santa Monica, does not have the votes she needs for passage. Currently, virtually all of the Republicans and several key Democrats are opposing SB 464. If these keys Democrats reverse … Continue reading Cut/Paste: Another Follow Up to Senate Bill 464 (Ellis Act)