Caroline Gerardo, C. G. Barbeau the Loan Lady nmls 324982 (Sun West Mortgage Corporation)

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Rainmaker
1,353,618
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
3,902,903
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
514,087
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
659,894
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Thanks for the info. 

Aug 23, 2019 02:10 PM
Rainmaker
1,687,403
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg 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
3,291,456
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area 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
5,287,746
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
3,833,737
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

First I heard of this. Thanks for the update.

Aug 23, 2019 12:25 PM
Ambassador
5,145,548
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - 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
510,445
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
3,813,937
Richard Weeks
Dallas, TX
REALTOR®, Broker

I didn't know.  Thanks for sharing.

Aug 23, 2019 12:21 PM
Rainmaker
958,860
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
1,156,060
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
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
5,568,384
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

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

Aug 23, 2019 01:26 PM
Rainmaker
1,677,283
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Thanks for the information Caroline.

Aug 24, 2019 05:56 AM
Rainmaker
3,953,841
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
Rainmaker
529,490
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
1,816,765
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
857,568
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
4,664,077
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
Rainer
21,709
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
3,764,468
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
2,060,705
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Good news.

Aug 25, 2019 05:40 PM
Rainmaker
1,595,715
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Thank you for updates, Caroline.

Aug 25, 2019 04:18 PM
Rainmaker
1,619,312
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, 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
2,005,478
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Had no knowledge of this ?

Aug 25, 2019 06:54 AM
Ambassador
4,451,738
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I had not heard this - thank you!

Aug 24, 2019 04:39 PM
Ambassador
3,200,580
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Good info to know thanks Caroline!

Aug 24, 2019 02:19 PM
Ambassador
2,985,796
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

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