nehemiah program update: Nehemiah Update - 10/08/08 04:04 PM
Posted by David Edwards under For Buyers, For Sellers, For Realty Professionals, Regional - West, General Information, New Listings, Mortgage Market Updates
Scott Syphax, President and CEO of Nehemiah Corporation of America recentlty hosted a conference call. Here are some points of the call:
Must have final approval and changes by 9/30 Floor vote HR6694 was to be 2weeks ago, the collapse on the financial markets have distracted the attention of Washington HR 6694 is not attached in the new bailout bill H.R. 3997, the Emergency Economic Stabilization Act of 2008 Budget estimate of HR6694, no cost to Federal Government for … (0 comments)

nehemiah program update: Nehemiah Program Update - 08/21/08 04:45 AM
I just heard from a preferred lender of mine who has been communicating with the folks in charge of administering the Nehemiah Program. According to the administrators of the Nehemiah Program, a Loan Officer has to register all of their Nehemiah loans online by 9/30/2008, to reserve the funds. After this date, the loan program will go away.
 
My lender has been trying to get clarification on the deadline to close these loans after registering them. The Nehemiah administrators said their is no specific date because the funds are coming from the Seller and the registration would have been executed … (7 comments)