Marco Giancola, Realtor    (305)608-1922, Miami Beach Florida (Beachfront Realty)

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Rainmaker
935,557
Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

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???  

Feb 03, 2017 07:42 AM
Rainmaker
151,627
Julie Larson Realtor® Sarasota FL 941-284-9826
White Sands Realty Group FL | 941-284-9826 | Serving Sarasota, Manatee & Charlotte Counties - Sarasota, FL
When you're thinking of moving...ThinkSuncoast.com

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.

Feb 03, 2017 06:26 AM
Rainmaker
1,528,324
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Nope, the serious are are resolute in their house hunt. They may have just flushed out the shoppers, I want buyers.

Feb 03, 2017 07:56 AM
Ambassador
3,338,299
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

No.  Might be largely due to the fact that I do not have many buyers ... or buyer with FHA financing. 

Feb 03, 2017 12:35 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Not at all. Most weren't aware there was any savings coming their way.

Feb 03, 2017 08:14 PM
Rainmaker
5,583,167
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I don't think it will effect much of ours.... maybe a very small percentage...

Feb 03, 2017 08:35 AM
Rainmaker
809,258
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

No, no affect on our business.

Feb 03, 2017 08:01 AM
Ambassador
2,678,449
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

No.

Feb 03, 2017 07:15 AM
Ambassador
5,030,483
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

No impact

Feb 03, 2017 06:54 AM
Rainmaker
2,164,857
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

No , Buyers are starting to believe rates might be headed upward !

Feb 03, 2017 06:36 AM
Rainmaker
5,846,708
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

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.

Feb 06, 2017 01:57 PM
Rainmaker
1,497,558
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Nope, business as usual here.

Feb 04, 2017 01:19 PM
Rainmaker
634,482
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

No.

Feb 04, 2017 11:40 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Feb 04, 2017 07:47 AM
Rainmaker
7,783,585
Roy Kelley
Retired - Gaithersburg, MD

This action will impact many first time home buyers.

Feb 04, 2017 05:22 AM
Rainmaker
5,095,661
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

It has not.

Feb 04, 2017 04:14 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Nope

Feb 04, 2017 03:59 AM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Marco Giancola - not many buyers with me who'd go for FHA.

Feb 03, 2017 11:09 PM
Ambassador
5,198,152
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

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.

Feb 03, 2017 09:02 PM
Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Has not hurt me.

Feb 03, 2017 07:43 PM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Not at all. 

Feb 03, 2017 06:42 PM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Marco,

I think it may weed out the real buyers from those who are thinking of buying.  A

Feb 03, 2017 03:39 PM
Rainmaker
4,894,546
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

People are waiting to see what is happening with the new guy before they buy.

 

Feb 03, 2017 01:11 PM
Rainmaker
280,549
Jeanne Gregory
RE/MAX Southwest - Sugar Land, TX
The most important home I sell is YOURS!

Nope. Don't have a lot (if any) FHA buyers right now.

Feb 03, 2017 12:52 PM
Ambassador
3,159,209
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

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.  

Feb 03, 2017 12:28 PM
Ambassador
3,580,029
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Not at all. 

Feb 03, 2017 11:48 AM
Rainmaker
1,157,785
FN LN
Toronto, ON

No.  I  am not aware that the FHA does anything with respect to loans in our great nation.

Feb 03, 2017 11:46 AM
Ambassador
6,348,383
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Not mine.

 

Feb 03, 2017 10:39 AM
Rainmaker
986,452
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Doesn't seem to be an impact here

Feb 03, 2017 08:53 AM
Rainmaker
4,272,199
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I don't do a lot of FHA loans so no...

Feb 03, 2017 08:20 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't think so.

Feb 03, 2017 08:20 AM
Rainmaker
678,558
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

I don't believe it will affect my business.

Feb 03, 2017 07:30 AM
Rainmaker
5,187,910
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Are we sure it was the Donald?

Feb 03, 2017 06:22 AM
Rainmaker
1,045,440
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

It did not that I noticed at the time so hope that was true for most

Feb 02, 2018 08:37 PM
Rainmaker
1,722,226
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Not in the slightest!

Feb 03, 2017 12:42 PM