In 2010, the FHA was used by 56 percent of all first-time homebuyers, and 85 percent of borrowers obtaining homes at the higher loan limits had incomes below $150,000. In addition, 60 percent of all African-American and Hispanic homebuyers used FHA.

The truth is that it actually depends a lot on where in the country the borrower lives. Geography often dictates what the price of “affordable housing” is. Last month’s reset to 115 percent impacted 669 counties in 42 states and territories, with an average loan limit reduction of more than $68,000. We support giving middle-class borrowers the same access to affordable mortgage financing, no matter where they make their home.

For example, many people think of California as a high cost state, and there are many areas where it is. San Francisco will benefit because many middle class homes bump up against the $729,750 limit. What many people don’t know is there are many counties in California that are not considered high cost and will benefit. Take Fresno County, for example, prices will go from $281,750 to $311,250 to qualify. As you can see, this really benefits consumers no matter where they live.

In Arizona the legislation will raise the FHA loan limit from the current $270, 050 to  $346.250.  This is a whopping $76,200. increases.  It may not sound like much but if you have your home listed for sale at $325,000 the new legislation will increase your pool of buyers substantially!

This is definitely a feminine old Hollywood glamour home.  The $40,ooo black Baccarat chandelier is as bold and beautiful as the larger than life size portrait of Hilton hanging center stage in the living room.  The home was completely remodeled after Hilton purchased it, with a black and white theme carried throughout the house.  The one exception to the theme is, of course, the master bedroom, which is a dreamy pale pink. The elegant dining room has custom made arched french doors to compliment the Spanish architeture.   In the back yard, you will feel like you are at a luxury hotel…you wouldn’t expect anything less from a Hilton.

There is no forgetting who your landlord is in this home, fine furnishings, the numerous family photos, larger than life protraits of Paris Hilton, and yes…a stripper pole.

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Celebrations at ground zero as President Obama announces that Osama Bin Laden is dead.

At WTC with a couple hundred others! Singing and cheering! “God Bless America!”

http://yfrog.com/gzqorlcj crowd at ground zero MauryaCouvares via Echofon