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 managing this little thing we call a financial calamity. Recovery my (Fill in blank).
HUD always has a scandal each administration costing millions or billions (depending upon how many years you include). Inexplicably they eliminated the down payment assistance program thinking a down payment would solve this economic calamity. BIG thinking.
So here the nation of lenders wait to see what's next. How are the investors going to react. Some lenders may require us to use the new form. Others may not. How will the consumer navigate through this?
ME of course and my fellow mortgage professionals. As usual although always made out to be the villain it is up to us to interpret as best we can the mess handed down to us by the idiots, the knuckleheads, the "intellectuals" - congress & HUD.
We are the ones picking up the pieces to try and make sense of the non-sense. We are the receivers of funny looks from the consumer asking us - WHY DO WE HAVE TO DO THIS OR THAT - glaring at us like WE are the crazy ones!
AMERICA -WE did not make this up....this is Barney Frank, Chris Dodd - both sides of the political spectrum- brilliance is coming out from all corners.
The consumer is getting nothing. The consumer cost is increasing - will increase and continues to get more expensive. After getting reamed at the financing table because of the 'new' regulation the consumer will have to pay more taxes to cover the bureaucratic tape that goes with it.
I'm in a bad mood.
I wish us all well.
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 this week. His office has been contacted and we will see how they respond.
See previous blog about its history and BS that fly's around this issue.
You want government to do what? The failure of HVCC appraisal
It continues to baffle me why the Honrable Mr. Cuomo does not go after the real villian in this and that is Wall Street. Oops I forgot that's where he will be getting his campaign donations for future political asperations...what was I thinking!
I wish us all well.
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 ground.
Then there are the families. The families are hero's too and in my opinion neglected way too often and need better support particularly today in the times we live.
To all I cannot thank you enough.
I wish us all well.
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 timely manner or even how they evict people are details nobody knows. It is safe to say knowing our government Fannie Mae does not know but sounds good doesn't it? Just like the other failed programs.
Unfortunately if you live in an area where home sales are brisk there will be less inventory because Fannie isn't foreclosing on homes that perhaps should be foreclosed on. (I don't believe that will be a problem in most areas unfortunately)
The real tragedy from where I sit is the government cannot come up with a loan work out plan and force anybody to play along (it seems) so this is the solution. I wonder if lobbyists have anything to do with this....hmmm.
So here we go again and what a mess.
I wish us all well.
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 tax credit for new homebuyers ($8,000) it now offers a $6500 tax credit for repeat buyers or buyers moving up (how do you move up when prices are down?).
This tax credit will end in June 2010 and all contracts must be in writing by end of April. I wonder if the record number of foreclosures in a quarter in American history had to do with it....HMMMMM.
Anyway that is good news and I have posted an excellent site that gives you full details.
http://www.federalhousingtaxcredit.com/
IRS Form 5405:
http://www.irs.gov/pub/irs-pdf/f5405.pdf
I will be glad to assist you toward your next home purchase. We lend in 47 states and look forward to working with you.
I wish us all well.
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Mortgage professional for over 22 years providing the financing for homes all over the state of Washington and all across America. Work with a licensed mortgage professional. Call if you're relocating
I was born and raised here in the great Pacific Northwest. I worked downtown Seattle in the '80s and that's where I met my lovely wife, Carol, and her great children, Lane and Summer. I am blessed with a wonderful family. After living in a couple of different locations, we settled back into my hometown of Snohomish.
I have been a mortgage professional for over 22 years. My career of choice has been a positive adventure for many reasons. Foremost, I have put many, many families in their homes. I feel good about this fact. Also, I am amazed at the impact technology has had in the lending industry and the types of loan programs available today versus 20 years ago.
I have given you a little history about me so you know who will be helping you to reach your goals and dreams. I hope I have a chance to meet your family when you are ready to finance your next home or refinance your current home (and/or investment properties). I work hard for all my clients and I value their business just as I will value doing business with you. Thank you for your trust in me.
Seal of Approval. No matter what you are looking for in a home, be sure to look for the Lending Integrity Seal of Approval.
For the first time ever, homebuyers have a simple legitimate way to assess a mortgage professional-a sign that they can look for before they even step in the door.
It is called the Lending Integrity Seal of Approval and those who display it have been through a rigorous validation process. They adhere to a strict code of ethics, a best business practices policy, and an eithics grievance review process. They also receive ongoing education, and they've submitted to criminal background checks.
Make sure you are working with a responsible lending professional. Ask to see your mortgage originator's Lending Integrity Seal of Approval. Visit lendingintegrity.org for more information.
Board Member of the Snohomish Chamber of Commerce
Visit - http://www.kirkwilliamsgroup.com/ to learn more about the mortgage process.
CLICK "LINK LIBRARY" AND YOU WILL FIND ....
MANY LINKS TO CHOOSE FROM ON ONE PAGE ....
RELOCATING INTO OUR STATE, OR ANY STATE IN THE LOWER 48?
You will be introduced to an experienced Realtor to assist you in your home search. My red carpet is rolled out and our team will take care of you!
THANK YOU FOR TAKING YOUR TIME TO VISIT!
Residential or Investment property 1-4 units for the State of Washington and across America.
I provide home financing for all walks of life.
Welcome to one of the most dynamic places to live, play and work in the world. I look forward to financing your new home here in the northwest or across America. Interest rates are terrific and wonderful properties are waiting for you to buy. My relocation team will make your move here a pleasant experience. Welcome to the Pacific Northwest!
Residential application for the State of Washington and across America.
As a consumer, you are not restricted to one lender menu or product line. I have access to all the competitive lending institutions across the country so I can provide you the best solution for your credit profile. I am your advocate shopping the loan program on your behalf. I give you options. The bank with their single menu of loans will "sell" you their best program and in most instances not the most competitive program out there.
Client for life is my philosophy. It is the philosophy of the company I work for. It is important to me that you have a positive experience. After your loan is closed and you have questions about it or any other type of real estate investment, I want you to call me. I wish to be a value or resource to you so if you ever have a need for a knowledgeable real estate professional, 1031 Tax Exchange, CPA, financial planner, legal services, or insurance, I will direct to you a like-minded professional to assist you in that need. I do not receive compensation for referrals. They are selected based upon their business ethics and professionalism.
I specialize in helping clients properly manage their home equity and their mortgage. Obtain, in advance, your Free Approval so when you make the offer on your home, you will do it with confidence.
In anytown USA and in communities all over the world the Lions Club is there. I have been a member for serveral years and there is probably a club in your community and I urge you to join. It is a non-profit that provides support in your own community and to our larger community abroad. Personally I am proud to be associated with the Snohomish Lions Club. The motto is "WE SERVE". That says it all. Click here to find your local Lions Club.
If you appreciate your freedom, shake a veteran's hand and please donate to the Fisher House Project -- or Operation Home Front designed to assist the veteran and the family of the veteran. Catastrophic injury support. Putting politics aside, there is real need for the folks in the armed forces and their families (don't forget them!) By donating you are offering real support to our troops!
No matter who you are, where you live, or your taste in music, Tower of Power will find you. And once that happens, it's all over. You will come to believe not only that soul music is the salvation of us all, but that Tower of Power is one of those rare bands who can claim to be the real deal, 100 proof, aged-to-perfection, ground zero Soul. And the thing is, they're everywhere now.
I give them "FIVE KIRKS" TOP is a must see!
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