The Veterans Administration announced new loan limits for 2010. IF you currently have a VA loan in process and it does not close by 12/13/09 it will be subjected to the new loan limits regardless of application date or whether loan has been locked. In most instances I do not see this as a problem
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12/29/2009
The New York Times says the following about Shaun Donovan Housing Urban Development (HUD) Secretary.... "He developed a national reputation as an innovator along the way, holding to a middle ground between free-market forces that opposed government controls and liberal groups that believed only g
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12/10/2009
Over the past two years we have had hearing after hearing with all the usual suspects that I have named as public enemies to the consumer and our industry. Wall Street certainly set the table for this calamity but they couldn't have done it without the help of repealing an act called GLASS STEAGU
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12/08/2009
If you have gazed upon the stock price of Fannie Mae recently you can at the same price purchase a pack of gum....or maybe not. Comprehensive Quote: 12/01/09 11:15 AM EST Last 0.92 Change 0.04 % Change 5.05% Volume 8,368,658 Open 0.90 High 0.93 Low 0.89 Prior Day'sVolume 32,357,983 52-Week High 2
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12/01/2009
If I'm not sharing my vast wisdom (nudge nudge wink wink) I would be on a rant about the inept nature of government or particular individuals but today as another deal closes for a new home buyer knowing they will be celebrating their first Thanksgiving in their new home I pause to give thanks th
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11/25/2009
Not surprising to me HUD is going to put a 120 day 'enforcement' delay for the new Good Faith Estimate and HUD-1 roll out scheduled for Jan. 01, 2010. What a mess. What a disaster. This photo depicts perfectly how our government (the big guy - Oliver Hardy) and HUD (the skinny -Stan Laurel) are
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11/17/2009
If you were one of the activists that mailed in the online petition supporting the elimination of HVCC the day in court is coming soon. A group will be delivering the petitions to one of the enemies of the consumer and our industry - the attorney general of New York - Mr. Cuomo maybe as early as
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11/16/2009
Talking to friends, colleagues or total strangers about their experiences in the military I am always impressed by their humble nature. What an all star group of people - men and women. Not all serve in the battle of war. Often times they spend tireless hours supporting those engaged on the groun
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11/11/2009
Yes. Instead of doing the heavy lifting and figuring out how to work out loans for the folks still employed Fannie has decided to become a landlord. Instead of foreclosing they will lease to folks for one year then month to month there after. How they set the rent or how things get fixed in a tim
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11/10/2009
I have just been resuscitated after the shock and awwweeee of the news I'm about to tell you. Our government.....the government....yes our government actually did something that will help stimulate the economy and keep this little thing we call a country breathing. Not only did they extend the ta
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11/09/2009
