SellingNorthernNV

Quality Real Estate News and Market Data

Summary of the new lending regulations HERA

Josh Talayka | September 28, 2009

In 2008, the Housing and Economic Recover Act (HERA) was passed by Congress and became effective July 30, 2009. The Federal Reserve Board published the new regulations under the Truth in Lending Act.

First-Time Home Buyer Tax Credit

Josh Talayka | April 13, 2009

One of the provisions of the Housing and Economic Recovery Act of 2008 was the First-Time Homebuyer Tax Credit. The Credit is designed to encourage first time buyers to go ahead and purchase their first home. The Credit amounts to 10% of the purchase price, and may be as much as $8,000.