Thursday, April 7, 2011

6 real estate headlines: 07-April

A daily dose of headlines for real estate agents, mortgage lenders, homebuyers and home sellers.

Could a government shutdown hit housing?
Wall Street Journal
: But if the federal government shuts down, the FHA won't be insuring any new loans. Banks will still be able to make FHA loans, but they'll have to fund and hold onto those loans until the government re-opens for business.
Should money buy you height
Washington City Paper
: Should DC allow for more capacity in areas where there's demand for it, by imposing a one-time "floor tax" on all stories that a developer would like to build over the existing height limit?
FHA mortgage program makes homebuyers pay after mortgage is paid off
Washington Post
: Could the federal government's booming FHA mortgage program be forcing homeowners to pay tens of millions of dollars of extra interest charges when they sell their houses or refinance loans?
Public hearings scheduled for DC ward redistricting
: At-Large Councilmember and Subcommittee on Redistricting co-chair Michael A. Brown will solicit input from the public during a pair of meetings about the District's decennial border redrawing.
Freddie Mac warns lenders on interest
Washington Examiner
: McLean-based Freddie Mac and Fannie Mae of Washington, which own or guarantee more than half of all U.S. home loans, require lenders to buy insurance on mortgages that have small down payments.
Old Town Alexandria's answer to food trucks
DC Urban Turf
: Starting this month, up to eight city-approved food carts hosted by local restaurants will operate daily at Market Square on King Street.

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