Comments on: House Passes H.R. 6694, Saving Down Payment Assistance! http://www.portlandmortgagebroker.net/house-passes-hr-6694-saving-down-payment-assistance.html Greg Downey, Portland Mortgage Broker and Home Loan Professional Wed, 10 Mar 2010 16:38:47 +0000 http://wordpress.org/?v=2.6 By: Ken Cook http://www.portlandmortgagebroker.net/house-passes-hr-6694-saving-down-payment-assistance.html#comment-672 Ken Cook Tue, 23 Sep 2008 21:05:02 +0000 http://www.portlandmortgagebroker.net/house-passes-hr-6694-saving-down-payment-assistance.html#comment-672 Chuck is right. I have been very active in lobbying and we're not home safe yet. You still need to contact your SENATORS and get behind this. It has not yet been heard in the Senate and that's where the really big challenge is right now since they have been convinced by HUD and The National Multi Housing Council and National Apartment Association that this is what caused the need for the bail-out. You and I know this is NOT the case and that 20% to 40% of the homes that may be sold over the next 24 months will not be sold if seller funded DPA is not re-instated. Most people falsely believe that ALL DPA is gone when the only one that is gone (by this law from HR 3652) is the most highly regulated form -- seller funded. Thanks for the article and keep up the good fight for the people in Washington who need caring, intelligent lenders like you. Chuck is right. I have been very active in lobbying and we’re not home safe yet. You still need to contact your SENATORS and get behind this. It has not yet been heard in the Senate and that’s where the really big challenge is right now since they have been convinced by HUD and The National Multi Housing Council and National Apartment Association that this is what caused the need for the bail-out. You and I know this is NOT the case and that 20% to 40% of the homes that may be sold over the next 24 months will not be sold if seller funded DPA is not re-instated. Most people falsely believe that ALL DPA is gone when the only one that is gone (by this law from HR 3652) is the most highly regulated form — seller funded. Thanks for the article and keep up the good fight for the people in Washington who need caring, intelligent lenders like you.

]]> By: Chuck Webb http://www.portlandmortgagebroker.net/house-passes-hr-6694-saving-down-payment-assistance.html#comment-665 Chuck Webb Tue, 23 Sep 2008 15:45:13 +0000 http://www.portlandmortgagebroker.net/house-passes-hr-6694-saving-down-payment-assistance.html#comment-665 Greg, Thanks so much for this news. Although we have been waiting anxiously for the House to approve it, we are down to the wire on this one. I work for Futures Home Assistance in NC and have been urging everyone in the housing industry to contact their Congressional leaders to tell them to vote for this bill. Let's hope that it will get a swift approval in the Senate where DPA has had a rough history thus far. Please forward the site from which you got the news from the House. Best Regards, Chuck Webb Futures Home Assistance www.fhap.org Greg, Thanks so much for this news. Although we have been waiting anxiously for the House to approve it, we are down to the wire on this one. I work for Futures Home Assistance in NC and have been urging everyone in the housing industry to contact their Congressional leaders to tell them to vote for this bill. Let’s hope that it will get a swift approval in the Senate where DPA has had a rough history thus far. Please forward the site from which you got the news from the House.

Best Regards,
Chuck Webb
Futures Home Assistance
http://www.fhap.org

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