HR1728 Passed in one part of the Congress, and why should I care

In the governments's attempt to improve the housing market, many changes are coming down the road. The bill HR1728 passed the House with a strong majority, and now goes to the Senate. When the Senate gets the bill there will always be changes and amendments. Go the HR1728 and read the bill for yourself.

YSP the lifeline of the for the loan industry is brought up in the bill. Also HVCC and how it will benefit the housing market.

Some people say HVCC does not apply to FHA, I agree for the time being ONLY, but its time has come to pass that FHA will fall in line with the other governmental agencies. HEADS UP

We as Loan Professionals must keep us with the changes in Congress and notify our Real Estate friiends and customers that these changes will only strengthen our industry. Now, for those who bury their heads in the sand will be left behind.

The time has come to get our industry back on the right track, even if we have to go back to the basics to do so.