News and Trends

March 10th, 2008 - G.S.N. Equities announces that the FHA new guidelines have been approved by the government as you can see below:

Effective March 6, 2008, HUD will offer temporary FHA loan limits that will range from $271,050 to $729,750 (Limits). Overall, the change in loan limits will help provide economic stability to America's communities and give nearly 240,000 additional homeowners and homebuyers a safer, more affordable mortgage alternative. The maximum amount of $729,750 will only be applicable to extremely high-cost metropolitan areas. Previously, FHA's loan limits in these very high-cost areas were capped at $362,790.

The Economic Stimulus Act of 2008 permits FHA to insure loans on amounts up to 125 percent of the area median house price, when that amount is between the national minimum ($271,050) and maximum ($729,750). The new minimum and maximum loan limits are based on 65 percent and 175 percent of the conforming loan limits for Government-Sponsored Enterprises in 2008, which is $417,000. The FHA used a combination of existing government data sets and available commercial information to determine the median sales price for each area. The change in loan limits are applicable to all FHA-insured mortgage loans endorsed with HUD's publication of the increased loan limits today, and it lasts until December 31, 2008.

By increasing loan limits nationwide, FHA will provide much needed liquidity and stability to housing markets across the country. Already, as conventional sources of mortgage credit have been contracting, FHA has been filling the void. From September to December 2007, FHA facilitated more than $38 billion of much-needed mortgage activity in the housing market, more than $15 billion of which was through FHASecure, FHA's refinancing product. By focusing on 30-year fixed rate mortgages, FHA helps homeowners avoid and escape the risks associated with exotic subprime mortgage products, which have resulted in rising default and foreclosure rates.

"This is not an easy crisis to address, and there is no silver-bullet, but I know that we can help hundreds of thousands of people keep their homes, and we can calm the waters," said HUD Secretary Jackson.

In January 2009, FHA's maximum loan limit will return to $362,790, unless the U.S. Congress approves bipartisan legislation to permanently increase loan limits as part of the FHA Modernization bill, which is still awaiting final approval on Capitol Hill. (U.S. Department of Housing)

February 4th, 2008 - G.S.N. Equities as of April 7th ,2008 will relocate to a new building located at 247-09 Jamaica avenue. As always, our goal is to maintain the same high level of costumer service and to find innovative ways to shadow our competition. G.S.N. Equities intends to purchase the building within 2 years.

January 30th, 2008 - G.S.N. Equities - Throughout the month of January an increase in US investments from our overseas investments this is due to the declining value of the US dollar and an increase in foreign currency.ompared to other major currencies. The euro was worth 1.4777 in late New York trading, up from $1.4673 Friday. The British pound rose to $1.9840 from $1.9813, and the dollar fell to 106.83 Japanese yen from 106.79 yen. Therefore, the branch in Tel-Aviv has developed new business relationships with more than 20 investors.

October 22nd, 2007 - G.S.N. Equities has signed a contract for purchasing a land in Springfield Gardens, Queens for the amount of $1,065,000. G.S.N. Equities is intending to build 5 new 2 family houses. The closing is predicted to take place by March, 2008. By January, 2009 the new houses predicted to be completed and ready for sale.

August 20th, 2007 - G.S.N. Equities announces that due to the decrease of the discount rate, the financial investments in the following quarter of the year will be more profitable and therefore, G.S.N Equities will put more effort in purchasing. "To promote the restoration of orderly conditions in financial markets, the Federal Reserve Board approved temporary changes to its primary credit discount window facility. The Board approved a 50 basis point reduction in the primary credit rate to 5-3/4 percent, to narrow the spread between the primary credit rate and the Federal Open Market Committee's target federal funds rate to 50 basis points. The Board is also announcing a change to the Reserve Banks' usual practices to allow the provision of term financing for as long as 30 days, renewable by the borrower. These changes will remain in place until the Federal Reserve determines that market liquidity has improved materially. These changes are designed to provide depositories with greater assurance about the cost and availability of funding. The Federal Reserve will continue to accept a broad range of collateral for discount window loans, including home mortgages and related assets. Existing collateral margins will be maintained. In taking this action, the Board approved the requests submitted by the Boards of Directors of the Federal Reserve Banks of New York and San Francisco." (Federal Reserve)

March 5th, 2007 - G.S.N. Equities is happy to announce the opening of a new branch in Tel Aviv, Israel in cooperation with Ramon-Granit, LTD. This is the first branch of G.S.N. Equities outside the USA. It is managed by DEBBIE PINKER.

By opening this branch, G.S.N. extents its activity and develops business relationships with investors and other companies from Israel and Europe. It will provide a convenient way for investor in both the U.S. and overseas to receive our full attention and immediate services. In addition, G.S.N. will be able to professionally analyze the real estate market in Israel and Europe by operating within that market, thus providing its clients greater investment opportunities.