Treasury Secretary Timothy Geithner said Thursday that Congress will undoubtedly raise the debt ceiling because lawmakers recognize the major repercussions of not doing so. He said before a Bertelsmann Foundation conference, “We’re only two years from [2008's] cataclysmic financial crisis, and the huge damage to credibility and huge loss of confidence. The idea that Washington [...]

Even though FHA loans are not FICO driven, due to the recent mortgage meltdown, most, if not all, lenders are simply scared to death to make loans to buyers who don’t fit…

Congress holds mortgage limits at nearly $730K Congress has extended a policy that allows homeowners in pricey real estate markets to secure government-backed mortgages of nearly $730,000. Lawmakers have voted to keep the maximum size of loans guaranteed by Fannie Mae and Freddie Mac and the Federal… Freddie Mac – Fannie Mae – Real estate [...]