Ar_home_b_search
 



funds: USDA Funding Update - not running out of funds as quickly as they thought - 04/01/10 03:12 PM
Rep for one of our banks came out and said that they have received notice from Rural Development that they still have around $3 billion left of their allocation and it appears that their volume did not meet their projections, so USDA Guaranteed Rural Development funds might even be available going into May.

On Wednesday a couple bills were introduced to help extend the USDA GRH program. http://www.foxbusiness.com/story/markets/industries/finance/bills-introduced-extend-usda-zero-home-loans/ … (10 comments)

funds: Does USDA have enough funds? - 01/15/09 01:51 AM
That question seems to be popping up quite often lately.  In recent weeks memo's from USDA offices have informed us that they estimate funds will run out very soon.  There are even banks who have decided to cut off funding for USDA too, sometimes in the midst of the transaction.  For the most part banks are still funding USDA loans, and they say everything is status quo, but the question is for how much longer.
It is pretty normal for USDA to run out of funding, happens quite often.  USDA gets their funds in blocks that are approved by congress, and … (20 comments)

 
Web

Shane Milne

Laguna Niguel, CA

More about me…

First National Bank of Layton

Address: 24452 Sunshine Dr, Laguna Niguel, CA, 92677

Office Phone: (949) 273-4161

Cell Phone: (949) 322-3616

Email Me



Links

Archives

RSS 2.0 Feed for this blog