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beauphus
101 Posts |
 Posted - 05/07/2008 : 08:40:37 AM
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http://money.cnn.com/2008/05/07/news/economy/frank_omnibus_housing_bill/?postversion=2008050710
i cant figure out if this would be good or bad...
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Banker0679
6354 Posts |
Posted - 05/07/2008 : 08:43:40 AM
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FHA will most likely raise the cost with rate, monthly MIP, and/or the funding fee.
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beauphus
101 Posts |
Posted - 05/07/2008 : 08:44:43 AM
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| as well as allow no or very little compensation on the transaction i would imagine. |
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beauphus
101 Posts |
Posted - 05/09/2008 : 08:24:47 AM
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looks like it passed...
http://money.cnn.com/2008/05/08/news/economy/frank_omnibus_housing_bill_vote/index.htm?postversion=2008050818
now we wait for the veto |
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ehm3
776 Posts |
Posted - 05/09/2008 : 08:26:52 AM
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still gotta clear the Senate
IMO its too little, too late. 6-8 months ago this may have helped but at this point we may as well just bleed the crisis out and fix this the right way. |
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mykal5
483 Posts |
Posted - 05/09/2008 : 08:27:03 AM
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| Sounds like another FHA Secure in the making. |
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beauphus
101 Posts |
Posted - 05/09/2008 : 09:08:25 AM
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| my question is how can the gov force a bank to accept less for a payoff? they would have to offer major tax breaks or some form of incentive no? |
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MisterVA
4568 Posts |
Posted - 05/09/2008 : 10:37:52 AM
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quote:
Originally posted by Banker0679
FHA will most likely raise the cost with rate, monthly MIP, and/or the funding fee.
See the other thread on FHA MIP. |
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