Oh Oh now the Bond Programs in danger!

By
Mortgage and Lending with Your IRA guy!

We know that the bond programs are the only source of down payment assistance in many areas.   None of the new bond programs have been able to begin because there are no buyers for these bonds.

For most of the 2000's, Fannie Mae and Freddie Mac were the major or only buyers of mortgage revenue bonds.   That is no longer true.  They aren't buying and there are no other investors.

This email is in regards to new bond programs.  The bond programs that currently have money will continue to have funds until everything is reserved.  So there is no worry with loans in the programs pipeline.

Please contact your voices in Washington -- your senators and representatives.  
 
Here's how to email them

U S Senate
http://www.senate.gov/general/contact_information/senators_cfm.cfm

U S Congress
https://forms.house.gov/wyr/welcome.shtml
On this site, find your rep then go to their website for their email address

Thanks for your help...

Michael Schindler

 

Comments (1)

Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

!!!!!

WHOA!

Oct 16, 2008 03:13 AM

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