home loans: USDA: Running Out Of Funds? UPDATE as of 06/01/10 - USDA NOW HAS FUNDS
- 03/31/10 05:17 PM
USDA Running Out of Funds As of 06/10/2010 - USDA now has funds available. For more info go to : USDA Has Funds It is well known that USDA is running out of money in May 2010. However, one should consider the consequences to the depletion. USDA has informed us that they are now leaning on $24 million dollars. When considering how much the program has gained in popularity, this amount will not go very far, if at all last until May. There is some cause for concern, however knowledge is king and it is not the problem rather the solution we … (5 comments)
home loans: Fannie Mae Is Now My Landlord?
- 11/07/09 05:39 AM
Update (BORROWERS' INSTRUCTIONS): https://www.efanniemae.com/sf/servicing/d4l/pdf/d4lborrowerinstructions.pdf
Fannie Mae Is Now My Landlord? Well when you think they have thought of everything, Fannie is now in the Landlord business!! I am not sure how I feel about this and whether or not it will realistically make a difference in the process of filtering the problems out of the market. However, it does help the struggling homeowners from becoming
homeless which is a good thing (Just in case, if you haven't heard, homeslessness is on the rise and it partly does have a relationship to the foreclosure problem). So what does this all mean? … (46 comments)
home loans: New TILA Rules can delay your next home sale!
- 09/29/09 05:26 AM
There has been much discussion about the new TILA rules and little understanding. I have written a step by step guide to understanding the new rules and how it can potentially affect your next transaction. Hopefully this post can help you to also build the rapport with all the parties involved by educating them that the new rules are set in place to protect the consumer from "not only unscrupulous lenders" but all 3rd parties to the transaction. For more technical information please visit HUD's Website by clicking on the Federal Reserve Logo to the left:
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