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End of WeDG

Hi all,
Due to well over two years of a clear lack of interest in this board, I will be closing it when the hosting is up next month (24 Aug). I see no reason to continue this with the lack of readership and participation.

It's been a wonderful 27+ years, with tons of ups and downs, but with all the excellent resources available to us online via Telegram, YouTube and other platforms - we've outgrown our purpose. I do not believe any huge modification/improvements to the site would help, plus that has always been way beyond my knowledge/skill set.

Y'all know how to reach me.
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NAR Calls for Market Stabilization

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  • NAR Calls for Market Stabilization

    WASHINGTON (National Association of Realtors) – The National Association of Realtors (NAR) has urged Congress to make the proposed FHA and conforming loan limit increases a permanent part of the 2008 Housing Stimulus bill.

    H.R. 5958, also known as the Homeowner Opportunity Act, was introduced yesterday. The bill, which would make permanent the increase to FHA and conforming loan limits for high-cost areas, will be considered as an amendment to the larger housing stimulus bill.

    “By making the loan limit increases to FHA, Fannie Mae and Freddie Mac permanent the mortgage market will achieve an immediate increase in liquidity,” said NAR President **** Gaylord. “This increased liquidity should help drive down mortgage costs and create stability in the mortgage market.”

    Gaylord added that the amendment can help working families achieve the dream of homeownership by offering a safe and affordable alternative to risky subprime loans.

    Excerpt

    http://recenter.tamu.edu/recon/
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