Jay Beckingham's (jayb) Blog

First things first; on June 28th, despite a previous announcement to the contrary, USDA/Rural Housing announced that the current eligibility maps would not change. that means, well check it out for yourself go to  http://eligibility.sc.egov.usda.gov and click on the state of Florida. On the right...

So, you want to be a government lender? get used to changes, some of which may make no sense and come with no explanation. On May 5th the Florida Department of Rural Housing announced changes to the eligible areas in Lee County. At that time they summed it up with the following statement; most of...

Stop and think for a moment; how many people do you know personally have applied for a mortgage modification? and how many have been successful? if any. I'm a mortgage lender and I know 1 couple, and they had to make a biiiiig concession. Here it is; I was allowed to attend the hearing and the fi...

Direct form the National Office in Washington D.C. this is the announcement in the SFH Origination news. Guaranteed Loan Funding Update: HELP WANTED! 24 BILLION DOLLARS ALLOCATED FOR GUARANTEED LOANS! Okay let's do a little house keeping here. SFH is what it appears; single family housing and no ...

CNNMoney's Les Christie was nice enough to sort through some of the Census data to make a few points about our population. So here's the answers to where the oldsters live. like anything else it depends on how you figure it. If you use the new Census and base it on median age, it's not Florida, a...

Catchty, aint it. Okay to be perfectly clear who is the Bureau of Consumer Financial Protection is, or the CFPB as it is also known. Here's from the Treasury website; the Bureau of Consumer Financial protection will be an independent bureau within the Federal Reserve System that will help empower...

You know, some books age real well. You can pick them back up, whenever, and the value's still there. Here's one; Something to SMILE About by, well later. I really had to think about this one. Consider the turtle. The only time it makes progress is when it sticks its neck out. Think now, how many...

Your being wiped out. Not totally, but close. Here's a statement from the Florida state office, most of Lee County is ineligible When will this occur? According to the USDA not before September 1, 2011, so you may still go online and use the existing eligibility maps. Beware, if this is the best ...

Let me start out by clarifying that statement. First, I'm talking about area eligibility. That is property location. Second, I'm a Southwest Florida Loan Originator and will focus mainly on that area. But, there are some generalities that apply to the whole state and/or the whole country. As the ...

I'm known to be the master of the obvious. We're missing a traditional part of our market. that being those sellers who became buyers, either buying up, or often here in Southwest Florida, downsizing. What happened? well you know. They're stuck with properties they can't sell, or have chosen alte...