Lots of lenders in Sacramento are scrambling right now to piece back together FHA loans after Trump removed the new law giving borrowers a break on the mortgage insurance premium put into place by Obama. The lame excuse used was to protect the insurance fund but unless Trump is planning to crash the real estate market, the fund does not appear to be in any danger. Why harm first-time home buyers and mess up existing transactions that were set to close based on the reduced premiums?
If agents are in escrow right now with an FHA buyer, this move likely affects you and your borrowers. Which in turn affects the listing agents and her sellers. You know what could make it even worse? If the escrow happens to be a short sale that won't meet its deadline now due to Trump. That could mean starting over on the short sale or, worse, the home could simply slip into foreclosure.
You can read more in my Sacramento personal blog today at this link: What You Should Know About Trump and FHA Loans.