down payment assistance: "You Must Be Willing to Participate in Your Own Rescue!!!"
- 02/09/09 01:14 PM
"You Must Be Willing to Participate in Your Own Rescue!" I don't know where I heard this. But it resonated with me. You know...I got it instantly! I've repeated this many times since. Some get it. Some don't. And some resent it -- usually, those are the same individuals that are part of the problem. If you're just standing around waiting for your own financial rescue to fall from the sky and hit you in the head...I'm sorry you just don't deserve to be rescued! At least move to the line for free bread and cheese. I can't say I'm unhappy (1 comments)
Consider that: • most DPA transactions involve First Time Home Buyers • First Time Home Buyers are the beginning of the "food chain" in the residential Real Estate business • The Real Estate business is the engine of our economy
For those of us that get this, we need to help the politicians understand and revise regulations. We don't have much time before the elimination of these programs at the end of September. Major lenders (Chase is one) are already (6 comments)
down payment assistance: The Latest News on the Pending Housing Bill...Stay Tuned
- 07/25/08 05:09 AM
FYI: Last night the House and Senate reached agreement on a massive housing bill that affects FHA, Fannie and Freddie, tax policy and many changes involving the housing market. The housing and mortgage crisis has caused Congress to combine these provisions into a bill exceeding 400 pages. The House will vote on the measure tomorrow, with the Senate to follow by next week. The White House has supported much of the measure but has criticized some components. Despite a prior veto threat, we expect the President will sign this bill, with final action before the August congressional recess. Here are the (4 comments)
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