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Showing posts from May 25, 2008

Jacksonville Beach Beauty! 245 Cayman Court $899,900

New FHA Loans not as great as they appear!

This article was written by Donna Robinson. I found it so informative that I wanted to share it. It's a real eye opener about how the proposed FHA Loan program will work. It's well worth the read! Well, the new FHA expansion bill appears to be rocketing through congress with virtually no opposition. I got my email from NAR last week, (several times in fact) asking me to make sure that I contacted my congressional representatives to request passage of this bill. NAHB is in strong support of the measure, saying that it will help stablize the housing market. In fact, if you read the mainstream media, you would get the impression that this bill has no opposition anywhere. You may even think that this idea will be beneficial for you if you are an agent or broker who is suffering under the strain of the present slump in retail sales. However, there is a HUGE downside to this bill. The problem is not in wanting to help people and stabilize the largest single asset class in America. Th