It's coming.
My folks are going through expenses and doing number crunching right now.
HUD basically says that they can't do FHA loans, which is half their business if not more. The reasoning: They don't make enough money, so therefore they must be scammers.
I would like you to think that over a moment.
They make less. LESS. than $250,000 a year, so therefore they're possible scammers.
IN WHAT UNIVERSE DOES THAT MAKE SENSE?
I interpret it this way: You make less than $250,000 a year. If you are a scammer, you're not a very good one, and therefore when we become the only source of loans, you won't be very useful to us.
Note: FHA got a bailout because they failed at running their business, yet my folks are being held accountable and if they screw up, TOO BAD SO SAD. NO $$ FOR YOU.
ANYWAY. They'll be closing their shop next year and they're trying to figure out what expenses we have and will need to cover and how best to go about that.
With no formal education. :D Yay.
HUD basically says that they can't do FHA loans, which is half their business if not more. The reasoning: They don't make enough money, so therefore they must be scammers.
I would like you to think that over a moment.
They make less. LESS. than $250,000 a year, so therefore they're possible scammers.
IN WHAT UNIVERSE DOES THAT MAKE SENSE?
I interpret it this way: You make less than $250,000 a year. If you are a scammer, you're not a very good one, and therefore when we become the only source of loans, you won't be very useful to us.
Note: FHA got a bailout because they failed at running their business, yet my folks are being held accountable and if they screw up, TOO BAD SO SAD. NO $$ FOR YOU.
ANYWAY. They'll be closing their shop next year and they're trying to figure out what expenses we have and will need to cover and how best to go about that.
With no formal education. :D Yay.