Our Friends over at the Mortgage Lender Implode-O-Meter have issed a statement regarding the fishy-smelling goings-on regarding the uncertain future of FHA seller-funded downpayment assistance. Here's a bit of their press release for a synopsis on the problem: The SFDPA practice was completely banned by the July 2008 housing bill, effective October 1st. However, new … [Read more...] about Stop the FHA Subprime End Run
downpayment assistance
Bloggers Under Attack – Part 2
I wrote a year ago about the site, Mortgage Lender Implode-O-Meter, being sued by a mortgage company for damages allegedly tied to the company's listing on the site's imploded lender list. The claims were fanciful, with the lender claiming that their bank accounts had been drained by institutional warehouse lenders and other sorts of malarky that made the suit look exactly as … [Read more...] about Bloggers Under Attack – Part 2