2009 Archive Mortgage News

Past News, Articles, and Information

Austin Mortgage 2009Past articles about the Austin, Texas mortgage and National real estate markets. Information about past real estate news in Austin as well as Austin mortgage news of the past.
 

Featured Articles

HERA and HVCC GuidelinesUnderstanding HVCC & HERA Guidelines – The Housing Economic Recovery Act (HERA) contains an amendment to the Truth-In-Lending Act (TILA), named the Mortgage Disclosure Improvement Act (MDIA). What happened? Going into effect on July 30, 2009, the Housing Economic Recovery Act (HERA) contains an amendment to the Truth-In-Lending Act (TILA), named the Mortgage Disclosure Improvement Act (MDIA).

Answers to Frequently Asked Questions (FAQ) about the Housing Economic Recovery Act (HERA)HERA & HVCC Guidelines – Frequently Asked Questions (FAQ) – Answers to Frequently Asked Questions (FAQ) about the Housing Economic Recovery Act (HERA), Truth-In-Lending Act (TILA), Mortgage Disclosure Improvement Act (MDIA), and the Home Valuation Code of Conduct (HVCC). These new government guidelines have been adopted by Fannie Mae and Freddie Mac.

Home Affordability AustinHousing Affordability Hovers Near Highest Level In 18 Years – Houses are the cheapest they’ve been since 1991. Bolstered by affordable interest rates and low prices, nationwide housing affordability during the second quarter of 2009 continued to hover near its highest level since the series began 18 years ago, according to the National Association of Home Builders (Aug. 19, 2009). You have the financial opportunity of a lifetime.

TDHCA DPA Program TexasTDHCA 90-Day DPA – $8,000 First-Time Homebuyer Tax Credit – TDHCA 90-Day DPA – $8,000 First-Time Homebuyer Tax Credit for Down-Payment and Closing Costs – A matter-of-fact, easy to understand article from Prime Lending Austin about the new stimulus plan and first-time homebuyer tax credit. Answers the question: who qualifies for the credit programs? What are the credit amounts Do I have to repay the credits? Will I have to claim the stimulus plan homeowner tax credits on my taxes? Where can I get more information about the New Stimulus Plan and First-Time Homebuyer Tax Credits?