Comments on: Why We Might See Another Housing Slowdown if FHA Loans Blow Up http://www.therealestatebloggers.com/2009/09/05/why-we-might-see-another-housing-slowdown-if-fha-loans-blow-up/ Real Estate Blog, Mortgage, and Development News Fri, 19 Mar 2010 18:52:41 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: missoula physical therapist http://www.therealestatebloggers.com/2009/09/05/why-we-might-see-another-housing-slowdown-if-fha-loans-blow-up/comment-page-1/#comment-415195 missoula physical therapist Sun, 20 Dec 2009 00:52:04 +0000 http://www.therealestatebloggers.com/2009/09/05/why-we-might-see-another-housing-slowdown-if-fha-loans-blow-up/#comment-415195 scary possibility as the self employed stated loans went away about two years ago and fha stepped in as the low cost option, and now ever tightening lending requirements is pinching and creating a bottleneck in real estate sales. I may not be able to buy a house even though I've never had a default and over twelve mortgages, I'm concerned that there may not be many options soon. scary possibility as the self employed stated loans went away about two years ago and fha stepped in as the low cost option, and now ever tightening lending requirements is pinching and creating a bottleneck in real estate sales. I may not be able to buy a house even though I’ve never had a default and over twelve mortgages, I’m concerned that there may not be many options soon.

]]> By: Craig Fuhr http://www.therealestatebloggers.com/2009/09/05/why-we-might-see-another-housing-slowdown-if-fha-loans-blow-up/comment-page-1/#comment-415163 Craig Fuhr Fri, 18 Dec 2009 01:15:46 +0000 http://www.therealestatebloggers.com/2009/09/05/why-we-might-see-another-housing-slowdown-if-fha-loans-blow-up/#comment-415163 Gotta tell ya - as a RE investor, I love doing FHA deals. I mean, seriously who has 20% to put down in this market? Certainly not first time home buyers. The flip side of the coin however is, we got into this mess because of buyer's lack of SKIN IN THE GAME. I'm afraid that FHA is creating the same 800 pound gorilla. Seriously, does anyone think that a homeowner who puts up 3% to get in a home is truly vested in keeping that home, even when times get a little rough? Love my FHA buyers but I hate to think of what's gonna happen when times get rough for these folks. It will be de ja vu, all over again Craig Fuhr Gotta tell ya – as a RE investor, I love doing FHA deals. I mean, seriously who has 20% to put down in this market? Certainly not first time home buyers. The flip side of the coin however is, we got into this mess because of buyer’s lack of SKIN IN THE GAME.

I’m afraid that FHA is creating the same 800 pound gorilla. Seriously, does anyone think that a homeowner who puts up 3% to get in a home is truly vested in keeping that home, even when times get a little rough?

Love my FHA buyers but I hate to think of what’s gonna happen when times get rough for these folks. It will be de ja vu, all over again

Craig Fuhr

]]> By: Ron http://www.therealestatebloggers.com/2009/09/05/why-we-might-see-another-housing-slowdown-if-fha-loans-blow-up/comment-page-1/#comment-414994 Ron Fri, 04 Dec 2009 04:53:31 +0000 http://www.therealestatebloggers.com/2009/09/05/why-we-might-see-another-housing-slowdown-if-fha-loans-blow-up/#comment-414994 I just secured my FHA loan with Intercontinental Capital Group in New York. I heard they may be adjusting the standards to get an FHA loan and I qualify now, so I didn't want to wait any longer no matter how much rates drop. I don't have the down payment for a regular loan. With FHA, I'm only paying 3%. And my rate's not bad for my credit. If you want an FHA loan, better go get it. I just secured my FHA loan with Intercontinental Capital Group in New York. I heard they may be adjusting the standards to get an FHA loan and I qualify now, so I didn’t want to wait any longer no matter how much rates drop. I don’t have the down payment for a regular loan. With FHA, I’m only paying 3%. And my rate’s not bad for my credit. If you want an FHA loan, better go get it.

]]> By: Joanie http://www.therealestatebloggers.com/2009/09/05/why-we-might-see-another-housing-slowdown-if-fha-loans-blow-up/comment-page-1/#comment-414773 Joanie Sat, 14 Nov 2009 03:51:34 +0000 http://www.therealestatebloggers.com/2009/09/05/why-we-might-see-another-housing-slowdown-if-fha-loans-blow-up/#comment-414773 I really hope they don't do away with FHA loans. I have used FHA for every home I've ever financed. Two years ago I financed my home in New Jersey with Intercontinental Capital Group and was able to finance 97.775 of the total cost of my house. It's a shame that a few irresponsible people can ruin it for everyone. I really hope they don’t do away with FHA loans. I have used FHA for every home I’ve ever financed. Two years ago I financed my home in New Jersey with Intercontinental Capital Group and was able to finance 97.775 of the total cost of my house. It’s a shame that a few irresponsible people can ruin it for everyone.

]]> By: Joel Carson http://www.therealestatebloggers.com/2009/09/05/why-we-might-see-another-housing-slowdown-if-fha-loans-blow-up/comment-page-1/#comment-414594 Joel Carson Fri, 30 Oct 2009 20:10:17 +0000 http://www.therealestatebloggers.com/2009/09/05/why-we-might-see-another-housing-slowdown-if-fha-loans-blow-up/#comment-414594 Thanks for the information. Despite all of the frustrations and harships, it's great that Realtors and others in the real estate industry are thinking and rethinking the way we do business. This dialogue is good. Let's keep it up. Thanks for the information. Despite all of the frustrations and harships, it’s great that Realtors and others in the real estate industry are thinking and rethinking the way we do business. This dialogue is good. Let’s keep it up.

]]> By: Bill Williams http://www.therealestatebloggers.com/2009/09/05/why-we-might-see-another-housing-slowdown-if-fha-loans-blow-up/comment-page-1/#comment-414452 Bill Williams Thu, 22 Oct 2009 21:49:14 +0000 http://www.therealestatebloggers.com/2009/09/05/why-we-might-see-another-housing-slowdown-if-fha-loans-blow-up/#comment-414452 So when are the banks in California going to release the 90,000 plus foreclosed properties? How long will they be allowed to keep these properties hidden from the buyers? This bidding war is completely unfair to legitimate families who are looking for decent homes in decent neighborhoods. So when are the banks in California going to release the 90,000 plus foreclosed properties? How long will they be allowed to keep these properties hidden from the buyers? This bidding war is completely unfair to legitimate families who are looking for decent homes in decent neighborhoods.

]]> By: Weekly summary of real estate news, Memphis comments, and other interesting stuff – September 9th | Memphis Real Estate Buzz http://www.therealestatebloggers.com/2009/09/05/why-we-might-see-another-housing-slowdown-if-fha-loans-blow-up/comment-page-1/#comment-408801 Weekly summary of real estate news, Memphis comments, and other interesting stuff – September 9th | Memphis Real Estate Buzz Wed, 09 Sep 2009 06:14:47 +0000 http://www.therealestatebloggers.com/2009/09/05/why-we-might-see-another-housing-slowdown-if-fha-loans-blow-up/#comment-408801 [...] Shared Why We Might See Another Housing Slowdown if FHA Loans Blow Up : The Real Estate Bloggers. [...] [...] Shared Why We Might See Another Housing Slowdown if FHA Loans Blow Up : The Real Estate Bloggers. [...]

]]> By: Gainesville Foreclosures http://www.therealestatebloggers.com/2009/09/05/why-we-might-see-another-housing-slowdown-if-fha-loans-blow-up/comment-page-1/#comment-408787 Gainesville Foreclosures Wed, 09 Sep 2009 02:34:13 +0000 http://www.therealestatebloggers.com/2009/09/05/why-we-might-see-another-housing-slowdown-if-fha-loans-blow-up/#comment-408787 I hope nothing blows up later this year. I am expecting inventory to increase in Florida in the Fall. But the inventory trend is still down. I hope nothing blows up later this year. I am expecting inventory to increase in Florida in the Fall. But the inventory trend is still down.

]]> By: Real Estate News: Mortgage Edition « AccuriZ http://www.therealestatebloggers.com/2009/09/05/why-we-might-see-another-housing-slowdown-if-fha-loans-blow-up/comment-page-1/#comment-408720 Real Estate News: Mortgage Edition « AccuriZ Tue, 08 Sep 2009 19:12:17 +0000 http://www.therealestatebloggers.com/2009/09/05/why-we-might-see-another-housing-slowdown-if-fha-loans-blow-up/#comment-408720 [...] Why We Might See Another Housing Slowdown if FHA Loans Blow Up [...] [...] Why We Might See Another Housing Slowdown if FHA Loans Blow Up [...]

]]> By: sfvrealestate http://www.therealestatebloggers.com/2009/09/05/why-we-might-see-another-housing-slowdown-if-fha-loans-blow-up/comment-page-1/#comment-408186 sfvrealestate Sat, 05 Sep 2009 22:51:38 +0000 http://www.therealestatebloggers.com/2009/09/05/why-we-might-see-another-housing-slowdown-if-fha-loans-blow-up/#comment-408186 I'm a Realtor here in So. Cal. and here's what I see going forward. Although FHA mortgages were extremely popular in Spring '09, we're now seeing less and less of them. Why? I think it's because conventional loans are now obtainable with 10% down. I also think that FHA loans are wildly unpopular with sellers -- and with all the bidding wars we've been seeing, buyers either know better than to try to win with one, or else they're sitting on their hands. I’m a Realtor here in So. Cal. and here’s what I see going forward. Although FHA mortgages were extremely popular in Spring ‘09, we’re now seeing less and less of them. Why? I think it’s because conventional loans are now obtainable with 10% down. I also think that FHA loans are wildly unpopular with sellers — and with all the bidding wars we’ve been seeing, buyers either know better than to try to win with one, or else they’re sitting on their hands.

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