New Life for USDA Funds? Congress is Trying - 04/15/10 08:16 PM
 
With everyone watching the countdown to the expiration of the USDA Section 502 funds, a glimmer of hope appeared today
Not one but two House Bills were introduced on the floor of the house today in hopes of keeping this program from fund depletion.
Hopefully they can speed this legislation through both houses and save this program from ceasing.
Below are the two press releases:
Apr 14 2010
Capito Introduces Bill to Continue Access to Home Ownership in Rural Communities
Legislation Would Increase USDA Rural Housing Loan Guarantee Program's Capital Reserve
Washington-Rep. Shelley Moore Capito, R-W.Va., the Ranking Republican Member of the … (19 comments)

USDA Funds Likely to last through the second half of May - 04/09/10 09:01 PM
The run of securing funds for USDA Section 502 loans has been a little slower than initially anticipated. Below is a snapshot of a bulletin that I received this week from one of our Investors. They have been tracking this as closely as anyone and their best guesstimate at this toime is that USDA funds will last into the 3rd or 4th week of May. Hopefully Congress will not let this program stall in the middle of this long housing recovery.
 
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Greg Miller/ Warsaw Indiana Home Loans - Conventional, FHA,USDA (Ruoff Home Mortgage ) Rainmaker_large

Greg Miller/ Warsaw Indiana Home Loans - Conventional, FHA,USDA

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