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Thursday, September 24th, 2009 at 6:25 AM

FHA Update from NAR

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.

Posted on Thursday, September 24th, 2009 at 6:25 AM in Psycho-babble, Thinking of Buying? | 16 Comments » | Print Print You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Reader Comments: 16 Responses

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

    shadash | September 24th, 2009 at 6:45 am

  2. 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.

    arizonadude | September 24th, 2009 at 7:15 am

  3. 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.

    tj and the bear | September 24th, 2009 at 7:54 am

  4. 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….

    3rd Generation | September 24th, 2009 at 8:24 am

  5. 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?

    Jim the Realtor | September 24th, 2009 at 8:27 am

  6. 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

    Chuck Ponzi | September 24th, 2009 at 8:52 am

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

    tj and the bear | September 24th, 2009 at 9:05 am

  8. She needs a wash and cut

    jeff horwitz | September 24th, 2009 at 9:14 am

  9. 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.

    JAP | September 24th, 2009 at 11:36 am

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

    arizonadude | September 24th, 2009 at 11:40 am

  11. 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.

    JE | September 24th, 2009 at 12:21 pm

  12. 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

    Justabroker | September 24th, 2009 at 3:27 pm

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

    I survived the housing bust | September 24th, 2009 at 7:05 pm

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

    dude3 | September 24th, 2009 at 9:51 pm

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

    Kris Berg | September 25th, 2009 at 7:46 am

  16. 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.

    capitalism is dead | September 25th, 2009 at 8:28 am

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