Michael Schindler's (moneystuff) Blog

Going away OCTOBER 1st....... I think it's going away this time-which will deal yet another blow to people who can't afford a down payment (especially minority lending).  If FHA comes out with a 100% loan, it may be fine but, in this environment I think bringing out this kind of product now may b...

 267 Imploded* Lenders since late 2006: 267. Wachovia Mortgage, FSB - Wholesale266. Lehman Brothers SBF265. IndyMac Bancorp264. Mortgages Ltd.263. Wilmington Finance - Wholesale262. Accredited Home Lenders, Home Funds Direct261. Assured Lending Corp. - Wholesale260. Homewide Lending Corporation25...

URGENT. Voice Your Support for Downpayment Assistance!  (We just received this from Nehemiah) Downpayment Assistance Programs in Danger of Elimination!The Department of Housing and Urban Development (HUD) has re-issued a proposed rule that would eliminate all private downpayment assistance progra...