The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.
The following questions and answers provide basic information about the tax credit. If you have more specific questions, we strongly [...]

It has been announced that JP Morgan will be modifying mortgages - and as much as 70 billion dollars worth of them.  That’s a lot of option ARM’s!
They are not all option ARM’s, however mortgages owned by Wachovia will also be eligible for modification with investor approval.  Wachovia did fund billions of dollars worth of [...]

We want mortgage rates to move lower - especially with the stock market plummeting like it has been.  When is that going to happen and what’s TARP got to do with it?
TARP stands for Troubled Assets Relief Program and is managed by the Office of Financial Stability.  It is the program that will utilize the [...]