I do not know if anyone thinks like I do, that the new $300B gift to Fannie Maye is not going to do anything constructive for our buyers in the coming months. Restrictions on FHA downpayment, DPA, change re: leasing current home to qualify for new one, hits on FICO scores less than 720.
The financing options available until the end of Sept. are being SHAKEN and done away with. I know the alternative of having no loans to offer is worse. There is the silver lining of it all.
And I know that some of the part time Realtors that have been pretending to sales people are going to get out of the business. YEAH!. And I know we will have to get focused and work a bit smarter and or harder to help people qualify for their loans.
I know I am not alone in Oklahoma, thinking that the new bill needs to be put back into the Congressional oven and BAKED a bit more. Maybe, in the coming weeks, we will see some lessoning of the nooses around some of our buyers.
SHAKE AND BAKE...
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