The White House today dropped their opposition to the most extensive housing legislation since the Great Depression. This legislation will offer up to $300 billion in assistance to troubled homeowners. There are still some Republicans in the Senate who want to make sure the bill is helping homeowners and not a bailout for lenders.
One portion of the bill that is of particular interest is increasing the FHA loan limit to $625,000 in high cost areas. Take a look at our report at FHA Purchase loans in Los Angeles for 2008. Who is going to increase their sales in the LA market if this legislation passes as expected?
Sunday Night Futures
8 hours ago