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Articles tagged with: Congress

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[17 Mar 2011 | No Comment | 2,673 views]
HARP extended to 2012

Last month, the national Mortgage Bankers Association was out lobbying for the extension of the Home Affordable Refinance Program (HARP).
The group got its wish. The Federal Housing Finance Agency (FHFA) announced this week that HARP will be extended for one year to June 30, 2012. What is HARP? Simply put, it’s a program set up to allow people who are in danger of falling behind on their mortgages (and fretting over the potential of a foreclosure) to refinance. You can read up on HARP and its companion program — the …

Features and such, News »

[18 Dec 2010 | One Comment | 1,328 views]
The Week in Review

A heck of a lot of things have happened throughout Arkansas this week.
We’ve covered some of those events here at First Arkansas News, but certainly not all of the events followed by Arkansans this week. In the interest of providing a quick summary of some of the stories we’ve followed this week, we’ve put together a synopsis of  some of the more intriguing stories that have come out this week. And, yes, we’ll do the same thing every weekend.
Before getting into all of that, let me make a quick plug …

News, Politics »

[18 Dec 2010 | One Comment | 3,849 views]
EUC program extended in the nick of time

The Unemployment Compensation Act of 2010 expired on Nov. 30, leaving those with exhausted regular benefit claims to continue filing weekly claims in hopes that the EUC (Emergency Unemployment Compensation) would be restored to continue to “tide them over” while continuing their job hunt.
Yesterday, Dec. 17, the president signed the Middle Class Tax Relief Act of 2010 into law, which included the EUC program through to Jan. 3, 2012. For Arkansans experiencing long term unemployment and having applied for an extension will receive their weekly benefit for week ending Dec. …

News, Politics »

[17 Nov 2010 | 9 Comments | 5,776 views]
Unemployment extensions end Nov. 30

The Unemployment Compensation Act of 2010, passed by Congress and signed into law on July 22, expires on Nov. 30. This law extended Emergency Unemployment Compensation (EUC, or extension) benefits for the nation’s unemployed. It is unknown when – or if – Congress will take action to extend the EUC program.
What this means for Arkansans is that if your regular benefits exhaust during the week of Nov. 27, you will not be eligible for an unemployment extension at this time. If you are receiving a Tier I or Tier II …

Business, News, Real Estate »

[30 Jul 2010 | One Comment | 4,869 views]
Obama signs off on bill providing more funding for Rural Development

People throughout Arkansas and the nation have been waiting for guarantees from the United States Department of Agriculture’s Rural Development program to purchase homes for a few months now.
On Thursday, President Barack Obama signed a bill that will provide the USDA the authority to guarantee additional loans under the program. That’s good news for Arkansas — Realtors throughout the state have said that Rural Development mortgages have helped people purchase homes in most areas of the Natural State.
Rural Development loans come in two flavors — direct …

Commentary, Politics »

[30 Jun 2010 | 22 Comments | 5,982 views]
Home buyer tax credit extended by Congress

This just in — the tax credit for first-time and repeat home buyers has been extended by Congress, according to this Associated Press (AP) article.
The legislation will now go before President Barack Obama for approval. Assuming he signs the legislation and it becomes law, buyers sweating the June 30 deadline to close on homes and receive a credit can relax a bit — they will have an extra three months to finalize their purchases.
We’ve had one home buyer tax credit or another since 2008. The credit was modified and extended …