Another Nudge To Congress Please
Posted by admin under: Main Dec 27That was nudge not fudge
The Senate version of FHA reform did not provide for Mortgage Brokers to bond their net worth.
This is important, as FHA rules requiring mortgage companies to have a specific net worth is keeping many out of FHA.
This limits it’s availabilty to you. The fewer that have it, the less the competition, and the higher the prices.
FHA oversight is serious. The bad boy brokers will not have the hay day some think, just by being able to put a bond instead of the net worth.
I say call your Senator, Call you Congress person. Give then a nudge, then send them some fudge.
Lar
PS: We must be having some influence, everything we have asked for lately, we get. Keep it up people.
Source: Another Nudge To Congress Please
Thursday, December 27th, 2007 at 11:21 am and is filed under Main. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.