July 2009

Found 3 blog entries for July 2009.

Bringing the Dream of Homeownership Within Reach

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed legislation that grants a tax credit of up to $8,000 to first-time home buyers.

Here is more information about how the 2009 First-Time Home Buyer Tax Credit can help prospective home buyers become part of the American dream.

Breaking news: Tax Credit Can Be Used on Closing Costs.

Who Qualifies?

First-time home buyers who purchase homes between January 1, 2009 and December 1, 2009.

To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.

Which Properties Are Eligible?

The 2009

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By Kevin G. Hall

RISMEDIA, July 27, 2009-(MCT)-Federal Reserve governors unanimously proposed tough new consumer-friendly disclosure rules for mortgages and home equity loans last week, tackling one of the less-appreciated causes of the nation’s deep financial crisis.

After 18 months of study and consumer testing, the Fed’s division of consumer affairs proposed, and governors accepted, a change to how finance charges and the annual percentage rate would be calculated. They also proposed restricting some bonus compensation from lenders to those who originate loans.

The action by the Fed’s Board of Governors, which requires a four-month comment period before becoming final, came as Congress is weighing an Obama administration proposal to strip the

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Lexington is the second largest city In Kentucky. It is known worldwide for its Bluegrass horse farms and Keeneland Race Track, and proudly boasts of itself as ³The Horse Capital of the World.² It is also known far and wide as the home to the Kentucky Wildcats, the basketball team of the University of Kentucky. Located in the heart of Lexington, UK has won many NCAA championships over the years.

In recent years, Lexington has become a regional center for health care that includes the University of Kentucky Medical Center, which aims to become one of the top 20 hospitals in the nation. There are three other major hospitals in the city, which also provide health care to Central and Eastern Kentucky: Central Baptist, Saint Joseph and Samaritan.

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