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fha: SENATE BILL 2338 - 12/14/07 12:03 PM
It looks like SB 2338 (FHA Reform) will possibly pass before the end of the year.  The hold up has been Oklahoma Republican Tom Coburn and he has agreed to release his hold on the housing bill.  This is good news and our markets may get some relief because of the bill.
 Coburn had expressed a number of concerns about the bill and objected to unanimous consent requests to pass the bill on Nov. 14 and Dec 6.  As you know, the House passed their version of the bill (HR 1852) as far back as Sept. 18.
FHA reform will increase the size … (2 comments)

fha: NAR ASKS FOR HELP - 12/04/07 11:41 AM
This morning I recieved an email from the National Association of Realtors - Realtor Action Center.  They want our help on two items.
FHA Reform S.2338 
Ask your Senator to support FHA reform legislation this year.  This is not the cure all, but it does help.  FHA is one of the few departments of the government that makes money.  By passisng the FHA reform bill, we are not putting anymore risk on the FHA than they already take on.  All we are asking for are higher loan amounts to help more borrowers.  Yes we have Fannie Mae and Freddy Mac, but FHA … (0 comments)

 

Joseph Crespillo

Rocklin, CA

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Sellstate Realty First

Address: 535 Menlo Drive STE A, Rocklin, CA, 95765

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