941,808
Marco, it is business as usual. The suspension has not impacted us here one bit. FHA's MMI fund only met the Congressional mandated threshold of 2% in 2015 and last year there was about a 15% increase so the numbers do, perhaps, merit further investigation before the new administration makes a final decision.
Hmmm, if the previous administration believed in this so strongly why didn't they reduce the rate six months ago instead of the last few days in office???
-
Roy Kelley
Gaithersburg, MD
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Marco Giancola
Miami Beach, FL
-
Julie Larson Realtor® ...
Sarasota, FL
-
Candice A. Donofrio
Fort Mohave, AZ
151,633
It was my understanding that it wasn't because of a annual fee, but it had to do with the percentage of mortgage insurance needed. Regardless, I think it was prudent to put it on hold for a review right away rather than wait until the program would no longer be able to sustain itself.
To answer your question, no, it didn't affect my customers directly. I spoke with one of my lenders and it did affect several mortgages they had in process, but they were able to work them out.
-
Roy Kelley
Gaithersburg, MD
-
Debe Maxwell, CRS
Charlotte, NC
-
Bruce Walter
West Lafayette, IN
-
Diana Dahlberg
Pleasant Prairie, WI
-
Fred Griffin Florida R...
Tallahassee, FL
-
Marco Giancola
Miami Beach, FL
1,555,250
Nope, the serious are are resolute in their house hunt. They may have just flushed out the shoppers, I want buyers.
-
Roy Kelley
Gaithersburg, MD
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Marco Giancola
Miami Beach, FL
3,350,774
No. Might be largely due to the fact that I do not have many buyers ... or buyer with FHA financing.
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Bruce Walter
West Lafayette, IN
3,988,013
Not at all. Most weren't aware there was any savings coming their way.
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
5,583,328
I don't think it will effect much of ours.... maybe a very small percentage...
-
Nina Hollander, Broker
Charlotte, NC
-
Marco Giancola
Miami Beach, FL
809,258
No, no affect on our business.
-
Nina Hollander, Broker
Charlotte, NC
-
Marco Giancola
Miami Beach, FL
2,684,769
No.
-
Nina Hollander, Broker
Charlotte, NC
-
Marco Giancola
Miami Beach, FL
5,063,430
No impact
-
Marco Giancola
Miami Beach, FL
-
Fred Griffin Florida R...
Tallahassee, FL
2,195,834
No , Buyers are starting to believe rates might be headed upward !
-
Fred Griffin Florida R...
Tallahassee, FL
-
Marco Giancola
Miami Beach, FL
5,879,946
I have a current buyer going FHA, and he now has a $90 higher house payment, but did not deter him from buying the home.
-
Marco Giancola
Miami Beach, FL
1,507,123
634,532
4,434,177
7,872,516
This action will impact many first time home buyers.
-
Marco Giancola
Miami Beach, FL
5,117,808
3,071,589
4,319,873
Marco Giancola - not many buyers with me who'd go for FHA.
-
Nina Hollander, Broker
Charlotte, NC
5,259,126
Not at all, in fact, this has been my craziest, busiest week this year! 3 FHA buyers under Contract, primarily because they don't want to wait for the rates to increase, Marco Giancola. Not one of them mentioned the fee being higher than they had hoped.
I spoke with several lenders this week and totally forgot to ask the exact amount the 'stir' is about - somehow, I get the sense it's insignificant.
-
Bruce Walter
West Lafayette, IN
3,986,308
2,224,473
5,773,392
Marco,
I think it may weed out the real buyers from those who are thinking of buying. A
-
Marco Giancola
Miami Beach, FL
4,968,249
People are waiting to see what is happening with the new guy before they buy.
-
Marco Giancola
Miami Beach, FL
280,599
Nope. Don't have a lot (if any) FHA buyers right now.
-
Marco Giancola
Miami Beach, FL
3,168,314
nope. I'm in a second home/ retirement area and it's the rarest of times my buyers aren't putting 20% down. And when I do work with 1st buyers I try to guide them to more down payment and convential loans where PMI can drop off at some point.
-
Marco Giancola
Miami Beach, FL
3,590,666
1,157,791
No. I am not aware that the FHA does anything with respect to loans in our great nation.
-
Marco Giancola
Miami Beach, FL
6,426,300
991,952
4,272,984
I don't do a lot of FHA loans so no...
-
Marco Giancola
Miami Beach, FL
4,800,132
679,404
I don't believe it will affect my business.
-
Marco Giancola
Miami Beach, FL
5,247,590
1,045,440
1,728,967