FHA Update from NAR

Written by Jim the Realtor

September 24, 2009

While this video has some interesting information about FHA, I was more entertained by the people involved, the backdrop, and the overall addiction to hype. Note her voice-over at 1:37:

Their downloading isn’t the greatest either.

16 Comments

  1. shadash

    These people are disgusting. Anything to keep buyers buying and sellers selling.

  2. arizonadude

    Fha seems like a dinosaur.Where in the hell do they get this money to keep loaning?3.5% down does not keep people from walking if their equity goes down.I think you can even have bad credit to get a loan.Barney wants you to own.Any of you have a link to the FHA requirements to get a loan.No not the one saying fog a mirror.

  3. tj and the bear

    arizonadude,

    Technically FHA doesn’t make the loans, it only insures them. Just like the monolines, it’s nothing but gravy until the defaults come, and FHA defaults are climbing like crazy.

  4. 3rd Generation

    Well Jim, here’s YOUR ‘professional’ NAR representatives. Are you proud to be involved with this group? I am not ‘entertained’ at all these shills. I am sickened at the sight of them. Too bad Funny Yunny didn’t do the voice over in Chinese dialect at 1:37.

    Your professionalism excepted, why would anyone use a ‘typical’ 6%er so-called Realtor?

    After all, This listing is SPECIAL and Suzanne researched it….

  5. Jim the Realtor

    I think the FHA guidelines allow for short sellers to be eligible for a new FHA loan two years after the short sale. They’ll be re-inflating the buyer pool before long!

    Can any lenders here verify?

  6. Chuck Ponzi

    Freedman has some serious nervousness issues. He needs some handlers to script him before going in front of a camera again.

    He could learn some things from Sarah Palin.

    Also, they should perhaps consider hiring some out-of-work actors without speech impediments… just sayin’ — they could help revive the economy.

    Chuck Ponzi

  7. tj and the bear

    Just when we need tighter lending standards the NAR is actively working to loosen them further. Well, at least that accelerates the endgame.

  8. jeff horwitz

    She needs a wash and cut

  9. JAP

    The madness continues. A tidalwave of major defaults are coming, that’s for sure.

    We need to get back to the standard 20% downpayment. Whoever cannot afford that should NOT BE ALLOWED to buy a house… period.

  10. arizonadude

    Angelo mozillo and barney frank think you deserve a house.It’s the american way.

  11. JE

    Video Summary: The free market is working and trying to find an equilibrium. God forbid risk might be priced appropriately in the distant future. We can’t let this happen and it’s time to influence law makers (hire lobbyists and buy lots of booze, broads and boats to grease the wheels). The new NAR commissioner is in our pocket with a stellar resume of leadership in failed and failing institutions. Lets keep the folks that created this mess in power.

  12. Justabroker

    JtR- Sandicor sent out (email) a user satisfaction survey. It might be interesting if we the users felt Sandicor would listen (finally). Where’s my Tempo 3.0

  13. I survived the housing bust

    Should I buy a house in s. california?FHA just approved me for 500k loan on my walmart salary.

  14. dude3

    LOL!! 1986 public television style at it’s best!

  15. Kris Berg

    Sorry, Jim. I missed the voiceover. Think I dozed off at the 1:23 mark.

  16. capitalism is dead

    Are we in a new bull market?My money guy told me to buy aig stock and citi as well.I just lost 250k on a house I bought so I cant lose anymore money.

Klinge Realty Group - Compass

Jim Klinge
Klinge Realty Group

Are you looking for an experienced agent to help you buy or sell a home?

Contact Jim the Realtor!

CA DRE #01527365CA DRE #00873197

Pin It on Pinterest