Caroline Gerardo, C. G. Barbeau the Loan Lady nmls 324982 (Licensed in 20 states)

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Rainmaker
1,469,520
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

Raising fees like this is something they should have done during the mortgage crisis for people buying again within 5 years of a foreclosure, short sale or DIL.  I don't see the need for fees at this time.  It almost looks like PMI.

May 14, 2023 08:07 AM
Rainmaker
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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Great news, Caroline. Thanks for the update.

May 14, 2023 10:14 AM
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Great news, Caroline. Hope there is more to follow.

May 14, 2023 09:27 AM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

 

Please keep the Good News coming Caroline Gerardo 

I reserve hope yet can't help but wonder what "they" will do next! 

 

May 14, 2023 08:31 AM
Rainmaker
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Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

That is very welcome good news! Hope there is more to come!

 

May 14, 2023 12:19 PM
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Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It is asinine that they were even considering those things.

May 15, 2023 04:25 AM
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Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

A little more progress to this ridiculous thing they came up with....

May 14, 2023 06:28 PM
Rainer
358,010
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

if only people who make more money and have better scores and pay more taxes could be rewarded, but it never works out that way.

May 14, 2023 11:18 AM
Rainmaker
604,730
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

Great news, now its time to vote good candidates into office to bring back a little common sense!

May 15, 2023 03:41 AM
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Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Yes, more progress to getting this thrown out completely. I'll do the happy dance when that happens!!

May 14, 2023 10:28 PM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Good reason for the happy dance!

May 14, 2023 03:52 PM
Rainmaker
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John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Good news, Caroline Gerardo. Thanks for all of your help in making the rules makers see the light.

May 14, 2023 11:22 AM
Rainmaker
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Woo Hoo!  That's great news!

May 14, 2023 11:19 AM
Rainmaker
5,015,439
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

A method to buy the vote with other peoples money is never a good thing. Finally enough pressure to pull back an unfair tax on the responsible citizens.

May 15, 2023 03:37 AM
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Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Very good news to trash a bad idea.

May 14, 2023 02:52 PM
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Doug Dawes
Keller Williams Evolution - 447 Boston Street Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Thanks for keeping us informed on this news

May 15, 2023 08:42 AM
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Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

Thank you for keeping us posted Caroline!

May 15, 2023 08:05 AM
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Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Good news coming out of Washington? Miracles never cease.

May 15, 2023 06:44 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Congratulations, nice to see the govt being responsive to the needs of the industry.

May 15, 2023 01:53 AM
Rainmaker
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Peter Mohylsky, Beach Expert
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

Interesting article, thanks for sharing   I need to do more investigation but their example is a couple that supposedly pays their bills on time but still has a high debt to income ratio.  How does this happen?  something does not compute here

May 15, 2023 06:47 AM
Rainmaker
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Looks like they made few micro steps to open up opportunities for those who have old debts. I met a few single moms who work 3 jobs paying the debts of their marriage....  dreaming to get a small place of their own.

May 18, 2023 05:59 PM
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Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

In the wholesale banking world interest rates are set based on leverage. 

May 15, 2023 12:19 PM