Bill Chenier's (chenier) Blog

Shortly after 7am today, President Bush signed the massive Housing and Recovery Act of 2008. The Bill is intended to provide mortgage relief to at-risk homeowners and to stabilize the financial markets. It offers a temporary lifeline to the troubled GSEs Fannie Mae and Freddie Mac.               ...

FROM THE WASHINGTON POST'S MICHAEL CRITTENDEN A massive package of housing legislation that President George W. Bush has pledged to sign into law cleared its final procedural hurdle in the Senate on Friday, leaving only a final Senate vote before it's enacted. Senate lawmakers voted 80-13 to limi...

House votes to offer as much as $300 billion in mortgages and to back up Fannie and Freddie. Bush says he'll sign it. Senate approval is likely. NEW YORK (CNNMoney.com) -- The House on Wednesday voted 272-152 to pass sweeping legislation that will offer up to $300 billion in assistance to trouble...

July 14, 2008 Letter from the Mortgage Bankers Association: "As you are aware, both the Federal Reserve and the Treasury Department announced actions over the weekend aimed at reassuring markets of the viability of Fannie Mae and Freddie Mac and their ability to provide ongoing liquidity to the m...

In this ever-changing market, we have decided to introduce a Home Buying Seminar to help you get all of the information you need to purchase a new home in the Phoenix Area.  Every seminar ends with a tour of bank-owned homes!  Call 480-305-6964 or register online at EastValleyHomeTour.com to rese...