Caroline Gerardo, C. G. Barbeau the Loan Lady nmls 324982 (CMG Financial)

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Rainmaker
1,238,361
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Thanks for letting us know.  Amazing how even the most well intentioned laws that people can come up with (not saying this was one of them, mind you), can have far reaching and dire consequences.

Aug 23, 2019 01:25 PM
Rainmaker
3,333,958
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I wonder about a lot of things.  Sometimes it feels as if my head will explode but I continue to wonder.  

Aug 23, 2019 01:52 PM
Rainmaker
403,018
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

I did not know this.

Aug 23, 2019 02:00 PM
Rainmaker
547,898
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Thanks for the info. 

Aug 23, 2019 02:10 PM
Rainmaker
1,534,336
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Obviously this was done for the lender & investor. I don't do many VA loans in my area. Nothing they can do about the older paper but after that date I guess they can put a rule into effect. Again, it's just for the banks benefit.

Aug 23, 2019 01:55 PM
Rainmaker
2,997,982
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Anything government touches turns into a mess it seems. The post office, health care, Fannie, Freddie and now Ginnie

Aug 23, 2019 01:16 PM
Rainmaker
4,445,389
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Caroline,

Thank you for letting us know... A

Aug 23, 2019 01:02 PM
Rainmaker
3,093,209
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

First I heard of this. Thanks for the update.

Aug 23, 2019 12:25 PM
Ambassador
4,214,248
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

We do have a nonfunctional federal govt these days, surprised they fixed it now.

Aug 23, 2019 04:41 PM
Rainmaker
463,880
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

I was not aware of this but I appreciate you sharing and keeping us in the loop on these changes.

Aug 23, 2019 04:33 PM
Rainmaker
3,014,777
Richard Weeks
Dallas, TX
REALTOR®, Broker

I didn't know.  Thanks for sharing.

Aug 23, 2019 12:21 PM
Rainmaker
768,696
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I do now, thank you for posting

Aug 24, 2019 07:25 AM
Rainmaker
927,447
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Armchair decisions for trench-warriors never sort out as intended. Walk a mile in my muddy, bloody boots, then make policy or get out of the way, you're blocking my trajectory.

Aug 23, 2019 04:02 PM
Rainmaker
4,994,105
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

I was not aware.... this was under Trump's reign.... his administration....

Aug 23, 2019 01:26 PM
Rainmaker
1,065,309
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Thanks for the information Caroline.

Aug 24, 2019 05:56 AM
Rainmaker
3,274,989
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

It's government work and you expected it would not be messed up? They start with good intentions and then think about it. Big mistake.

Aug 24, 2019 04:30 AM
Rainer
420,689
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

I was not aware of this.  Another mess created by government.

Aug 23, 2019 07:34 PM
Rainmaker
1,605,413
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

No I did not know that Caroline Gerardo . 

Aug 23, 2019 07:09 PM
Rainmaker
679,629
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

A law was passed to fix a problem. Beware of unintended consequences! The entirety of the situation was not investigated and more problems were created by this "fix".

Aug 23, 2019 06:26 PM
Rainmaker
4,080,835
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I had not heard, thank you.

Sep 13, 2019 04:52 AM
Rainmaker
14,464
Mike Easton
Movement Bank - Charlotte, NC
Creative lending solutions from coast to coast

thanks for sharing- i did not know that 

Aug 29, 2019 06:26 AM
Rainmaker
3,168,057
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow, I am behind and did not hear about this.  what are they thinking?

 

Aug 27, 2019 10:48 AM
Rainmaker
1,553,101
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Good news.

Aug 25, 2019 05:40 PM
Rainmaker
1,117,020
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty

Thank you for updates, Caroline.

Aug 25, 2019 04:18 PM
Rainmaker
1,542,840
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Already knew about this. As usual, MLOs need to be up-to-date with all changes. It is a full time job for us!

Aug 25, 2019 08:55 AM
Rainmaker
1,833,723
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Had no knowledge of this ?

Aug 25, 2019 06:54 AM
Ambassador
3,987,455
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

I had not heard this - thank you!

Aug 24, 2019 04:39 PM
Ambassador
2,861,112
Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

Good info to know thanks Caroline!

Aug 24, 2019 02:19 PM
Rainmaker
2,790,675
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I do wonder.  And I wonder what the motive is and how it serves those sticking their finger in the pie! 

Thanks for sharing this with us, Caroline Gerardo 

Aug 24, 2019 11:04 AM