Below is a copy of a post directly from the IRS website.  Basically what it says is- if you purchased a home in 2009, before December 1st, you can actually claim your tax break on your 2008 tax returns.  How great is that?  This is great news and will actually put money in your pocket [...]

As of January 1, 2009 the FHA minimum down payment changed from 3 percent to 3.5 percent. What does this mean in general, and what does this mean to the homebuyer?
FHA, or the Federal Housing Administration is a part of the U.S. Department of Housing and Urban Development (HUD). The program began during the Great [...]

Ginnie Mae (The Government National Mortgage Association and issuer of FHA Mortgages), which happens to be the only issuer of mortgage backed securities explicitly backed by the U.S. government, has issued more of their fixed-rate bonds this month than Freddie Mac AND Fannie Mae, showing us where the housing market has gone this year! According [...]