Like the Energizer Bunny keeps the spacecraft going, the Home Buyer Tax Credit is apparently going to keep the housing market going, at least though April 30, 2010.  This extension isn't just about more time, as there are expansions to eligibility as well.  Here are the high points:

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Even a nice credit, and the ability to pull together a down payment may still not be enough.  It seems that a new update to the leading credit scoring formula is being rolled out by Fair Isaac, the FICO people.  Due out in the fall, it was delayed by lawsuits between Fair Isaac and the [...]

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In an October 23d article in the New York Times an ongoing battle in Congress is laid out, with the Republicans trying to subpoena records of Countrywide Mortgage related to their VIP Program.  The Democrats, behind the Chairman of the House Oversight and Government Reform Committee, Representative Adolphus Towns, have been resisting issuing these subpoenas.

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This is a story of mortgage fraud and other federal charges related to loans to homeowners in trouble.  But, if after all of the fraud news in the last couple of years, there is still this kind of thing going on, we all need to be aware.

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