Skip to main content

HUD waives anti-flipping rule for foreclosed properties

Jun 15, 2008

Congressional Budget Office releases cost estimate report for Senate mortgage reform legislation MortgagePress.comSenate Mortgage Reform Legislation, Congressional Budget Office, Fannie Mae, Freddie Mac, Federal Housing Finance Regulatory Reform Act of 2008 The Congressional Budget Office (CBO) estimated that Fannie Mae and Freddie Mac will pay at least $9 billion in additional fees over 10 years under the Senate's Federal Housing Finance Regulatory Reform Act of 2008. If the bill is enacted, the additional fees would be used for a Federal Housing Administration mortgage-insurance program until 2011, and then to fund state housing and community development projects. The CBO, which released the figures as part of a cost estimate report requested by the Senate Committee on Banking, Housing , and Urban Affairs, projects that the program will cost Fannie and Freddie approximately $710 million combined for 2009. The report is available on the Congressional Budget Office's Web site by clicking here.
About the author
Published
Jun 15, 2008
Homebuilders Cheer Delay Of Trump Trade War

Canada and Mexico stave off tariffs on billions of dollars of materials crucial to the U.S. homebuilding industry

Feb 04, 2025
OCMBC President Arrested For DUI, Murder

Serene Vernon (Rosenberg) had three prior convictions, per a police report

Feb 02, 2025
Trump Fires CFPB Director Chopra

Chopra posts a letter to X with his final statements

American Heritage Lending Halts Funding Loans In Maryland

AHL suspended the ability to lock new consumer loans in Maryland, effective immediately

Jan 31, 2025
Katie Sweeney Joins Rocket Pro To Lead Broker Strategy, Advocacy

The former AIME chairwoman and CEO asks the broker community, particularly Rocket Pro’s brokers, to trust her. 

Jan 29, 2025
CoreLogic Chief Economist On Witnessing The Insurance Crisis Firsthand

"I could have lost all my equity,” says Selma Hepp, who lives and works on the frontline of housing's biggest challenge in 2025

Jan 20, 2025