Chairman Barney Frank (D-MA) is pushing to use left over TARP money to help unemployed homeowners stave off foreclosure Read More »

This is it. No more extensions. When April 30 comes and goes, the tax credit for everyone is over and buyers have only until June 30 to close. Read More »

Under most scenarios the agency should be able to continue to fulfill its mission of facilitating the market’s recovery. Read More »

Home sales activity across the country is picking up even though we are entering a period when sales usually slow down as the holidays approach. Read More »

Short cuts, including lack of documentation by borrowers, are crippling the Obama Administration’s loan modification program and threatening to significantly reduce the more than 650,ooo loans currently in the trial phase of the program. Read More »

The extension and expansion of the homebuyers tax credit that passed Congress November 5 allows more first-time buyers to qualify and creates an entirely new credit for existing homeowners who buy a new home. Read More »

The House of Representatives voted overwhelmingly this afternoon to pass legislation containing an extension and expansion of the homebuyer tax credit, completing Congressional action and sending the tax credit to President Obama for his signature, possibly as early as tomorrow. Read More »

The great debate surrounding the fate of the first-time homebuyer tax credit appears to have ended on a good note; at least for the millions of households ready to purchase a home. Read More »

The first-time homebuyer tax credit would do more to defray the purchase price of a starter home than the move-up buyer credit would do for existing homeowners buying a new home. Read More »

The Senate last night cleared the way to pass a seven month extension and expansion of the tax credit for homebuyers, making it virtually certain that the legislation will reach President Obama for his signature this week. Read More »