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  • ( ) Federal stimulus package includes mortgage relief

    NORTH BAY, Jan. 24, 2008 � An economic stimulus package announced today in Washington includes mortgage reform that could serve as a major boost to the local real estate market. The package, agreed upon today by Democratic and Republican House leaders and the Bush Administration, would increase the size limits for government-sponsored loans to as much a $729,750.

    The proposal includes a one-year increase in the size of loans that can be purchased by Fannie Mae and Freddie Mac � government-affiliated companies and the largest buyers of mortgages on the secondary market � from $417,000 to up to $729,750. It would also let the Federal Housing Administration guarantee loans of up to $729,750, up from $362,000.

    The changes would be especially helpful to homebuyers in high-cost areas such as the North Bay, according to real estate broker Ross Liscum, co-owner of Prudential California Realty offices in Santa Rosa and Rohnert Park. More>>

  • ( ) Cheat Sheet: SOA

    It stands for service-oriented architecture. Sometimes people talk about SOAs, even pronouncing it as a word.

    Oh great, another alphabet soup acronym to confuse us all. Give me the 35,000ft view. And why should I care? SOA actually does what it says on the tin. It's an IT architecture based around common platforms, protocols and reusable code. It can be used to support and connect services and business processes across an enterprise.

    Eh? Come again, in English this time please... SOA is essentially a collection of loosely coupled functions across the IT infrastructure - internal and external - that communicate with each other to provide a particular service or business process.

    And why's that good? The alternative is to stay with siloed, standalone applications that can't easily talk to each other. More>>

  • ( ) Dollar scores biggest one-day gain in 36 years

    Canadian stock markets rallied for a third straight session and the Canadian dollar made its biggest one-day gain in at least 36 years after U.S. policy makers agreed to kick-start the economy by sending big cheques to every man, woman and child in America.

    Commodity prices jumped, signaling inflation jitters, after U.S. president George W. Bush and house speaker Nancy Pelosi jointly announced a plan to mail $600 US to individuals, $1,200 US to married couples, and $300 US per child, in the form of an income tax rebate. The money could arrive in the mail as soon as May. Those with incomes over $75,000 would see the size of their cheque reduced.

    The proposal would also temporarily raise the cap on federally-insured mortgage lending to $729,750 per home, from $417,000, and allow businesses to more quickly write off investments in capital equipment. More>>

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