fha home loans: HR 5679 And Real Estate Values (and Down Payment Assistance) - 09/17/08 02:38 PM
The joke starts out like this: Two Law Professors, two Politicians and one Salesman walk into a committee meeting about foreclosures ... You don't want the punchline.
I am so glad they invited someone from the actual finance industry with an economics background to their party. Still, other than the fact … (5 comments)
fha home loans: Jeff Belonger Mentioned to Audience of 9750 !!! Congrats Jeff on your DPA Efforts (Video too!) - 09/11/08 08:23 PM
Today during our conference call with Scott Syphax, president of Nehemiah, he mentioned our Jeff Belonger in a very good company. Jeff helped very much with the organization of the rally in Washington DC which made other headlines as well.
Here is Jeff speaking with the Capitol in the background: … (6 comments)
fha home loans: Mortgage Companies and Banks Do Not Run The Mortgage Industry - 09/05/08 11:05 AM
Neither do the investors.
Neither does the government.
A couple of weeks ago I was on a conference call for wholesale lenders and mortgage brokers with HUD Deputy Secretary Jim Beavers who is in charge of FHA's Single Family Housing Products. Jim "fussed" at the wholesale lenders for writing their own … (9 comments)
fha home loans: Not HUD Appoved Not to worry!Earn 5K or more per deal! - 09/04/08 01:36 PM
I think I have made my position perfectly clear on this. I absolutely DETEST rule breakers. Not only that but I gather all the evidence I can and send it all to HUD. From the mouth of Jim Beavers to my ears, "We will no longer tolerate lenders accepting applications and … (2 comments)
fha home loans: Opposition of Down Payment Assistance - 08/26/08 01:34 PM
First let's set the record straight and say that HR 3221 did not end Down Payment Assistance. What it ended is what is called seller funded or interested party down payment assistance. DPA is still available in a much less regulated way than the type of DPA which was just "outlawed". … (12 comments)
fha home loans: Crucial Conference Call on HR3221 FHA Deal Killing Changes NOW - 08/15/08 09:25 AM
Join me and my guests for this very crucial conference call regarding the changes mandated by HR 3221 (Housing Rescue Bill) and how it WILL affect your transactions. It is urgent because this is in play now - not at some phantom future date - and many of you will be … (0 comments)
fha home loans: Crucial Information About FHA and Down Payment Assistance - 08/14/08 09:51 AM
I will be slowly, for the sake of accuracy, disseminating the changes in lending laws that will directly impact your world. In HR 3221, American Housing Rescue and Foreclosure Prevention Act of 2008, is filled with good and bad. Unfortunately the bad outweighs the good. But let’s look at what … (6 comments)
fha home loans: FHA Down Payment Assistance Under Fire ... Again - 06/16/08 12:28 PM
It has just been a short while since Nehemiah, the not-for-profit corporation who has long helped families and single borrowers get into a home using FHA and their 3% down payment assistance. According to FHA chief, Brian Montgomery, said, "In these transactions, home sellers - or any entity that would profit … (9 comments)
fha home loans: Stopping The Confusion About The New FHA/FNMA Loan Limits - 02/19/08 08:46 AM
Unbelievable! That's the number of emails I am getting from all across the nation about the new FHA loan limits. You need to stop thinking right now that you can borrow $729,750 using FHA on a single family home anywhere in the United States. That's not what the change is and … (9 comments)
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The joke starts out like this: Two Law Professors, two Politicians and one Salesman walk into a committee meeting about foreclosures ... You don't want the punchline.
