Dennis Norman

07/17/10-Correction – This past week Congress passed H.R. 4173, the Wall Street Reform and Consumer Protection Act which is the most comprehensive reform to the banking industry since the Great Depression.  The bill now awaits President Obamas signature which is expected to happen in the coming week.

This is a [...] Related posts:

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Dennis Norman

UPDATE -July 2 – The President has signed the bill into law….It’s official, the deadline is September 30th to close..

UPDATE-July 1- GOOD NEWS!  I Stand Corrected!  Yesterday, before ending session, the Senate did PASS H.R. 5623 by Unanimous Consent…the bill now goes to the President for his signature [...] Related posts:

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Dennis Norman

UPDATE June 21, 2010- I said I would update this post after the proposed rules were published on the Federal Register with info on how to submit a comment -If you would like to comment, see the comment instructions in the Federal Register (I highlighted them) by clicking here -end of update.

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2. More On The Housing Boom and Bust; Cause and Effect
3. Setting Up the Next Leg Down in Housing

Dennis Norman

According to a press release issued by the FBI, nearly 500 people have been arrested in a nationwide mortgage fraud take-down as part of “Operation Stolen Dreams.” This operation was launched on March 1, 2010 and, according to the FBI, has lead to a total of 485 arrests, 330 convictions and [...] Related posts:

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Dennis Norman

UPDATE-June 30th-As the Willie Nelson song goes. “Turn out the [...] Related posts:

1. House Passes Bill To Extend Closing Deadline For Home-Buyer Tax Credits
2. Closing Deadline For Homebuyer Tax Credits May Be Extended
3. Home buyer tax credit extension update; Senate Passes Bill

Dennis Norman

The deadline to purchase a home to qualify for the extended home-buyer tax credit was April 30th with a deadline of June 30, 2010 to close the sale. Since the deadline to purchase I have heard from many buyers with questions and concerns as they realize that, while they made the April [...] Related posts:

1. House Passes Bill To Extend Closing Deadline For Home-Buyer Tax Credits
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Dennis Norman

Yesterday the U.S. House of Representatives passed H.R. 5072, the FHA Reform Act of 2010 which is good news for home-buyers that may need to rely upon an FHA loan for a home purchase. The bill will still need to be passed by the Senate and then signed into law by the [...] Related posts:

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3. Home buyer tax credit extension update; House Passes Bill…On to President for approval

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2. Home Affordable Foreclosure Alternatives Program (HAFA) Launched
3. Help for homeowners facing foreclosure or are underwater

Dennis Norman

Talk about the housing market not being able to catch a break….it seems every time something positive happens to give us a little encouragement, something else pops up to give the market another black eye. Here we are less than a month after the home-buyer tax credit deadline has passed and we [...] Related posts:

1. Congress Extends Flood Insurance Program Through May 31
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3. Tax Credits and Flood Insurance Extended; St Louis Interest Rates Near Historic Lows

1. Six Charged with Wire Fraud Based on $20 Million Mortgage Fraud Scheme
2. Ponzi Scheme and Mortgage Fraud Mastermind Sentenced to 15 Years, Eight Months
3. CEO of the Duncan Group In St Louis Pleads Guilty in Multi-Million Dollar Ponzi Scheme