Comments on: HUD Does it Again!

By: HUD Does It Again! Part II - Scribe Communications

HUD Does It Again! Part II - Scribe Communications — Tue, 22 Sep 2009 18:55:29 +0000

[...] August 13th, I posted the original HUD Does It Again! In that post, I noted some serious concerns with the June 12, 2009, Mortgagee Letter (2009-19) [...]

By: Steve

Steve — Fri, 18 Sep 2009 20:31:51 +0000

Larry,

I heard the same thing. Check out my soon to be posted new comment on the status of 2009-19.

Steve

By: Larry Silvett

Larry Silvett — Tue, 15 Sep 2009 18:43:47 +0000

Steve, Heard today through the mortgage grapevine that HUD will be re-evaluating the 30% rule come November. Stay tuned.

By: Steve

Steve — Thu, 03 Sep 2009 21:58:46 +0000

NHB,

Spread the word. HUD appears ready to kill FHA as a viable means of purchasing a condominium as your first home … unless you are one of the lucky 30%.

Steve

By: Steve

Steve — Thu, 03 Sep 2009 21:57:21 +0000

Chad,
You got that right. I have noticed a bit more discussion about the policy on blogs and in the newspaper, but still no apparent “re-thinking” from HUD. We need to keep spreading the word.

Steve

By: New Home Builders

New Home Builders — Tue, 01 Sep 2009 06:03:01 +0000

i have found an interesting site.thanks..
have good information on a good site would be useful to people thank you.

By: Chad Wakefield

Chad Wakefield — Sat, 29 Aug 2009 15:58:59 +0000

This is a really stupid policy coming down the pike. The condo boom and bust was fueled by cheap money to investors (and very in-expierenced and unsavvy ones at that, whom did not understand finance, real estate, or how to be a landlord) not first time home buyers. The policy should be the inverse of what it is so that condos can serve more first time buyers and not less. Apparently HUD is going go back to the days of building concrete prisons, I mean tenaments. Way to go HUD.