Yesterday’s elections showed promise for Charlotte’s continued growth and gives her the criteria needed to grow into a prosperous city.  Two major items were approved are the light rail system and the school bonds.  Both, in my opinion are crucial to a city being able to sustain growth and remain attractive to people looking to relocate.

Posted: November 8th, 2007 under Politics, Schools, Charlotte Real Estate.
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A compromise has been reached on easing the Fannie Mae and Freddie Mac portfolio limits, with Democrats in the House and Senate agreeing to okay legislation that would allow the government-sponsored enterprises to boost mortgage holdings by 10 percent for a period of six months.

House Financial Services Committee Chairman Barney Frank (D-Mass.) who will introduce the bill in the House believes large-scale reform efforts will not be impeded by a temporary lifting of the portfolio caps. Of the combined $148 billion increase in mortgage holdings, $125 billion would be devoted to assisting sub-prime borrowers in refinancing out of costly adjustable-rate loans.

Posted: October 22nd, 2007 under Politics, Legal, Mortgage Industry.
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