Dear All,
Attached are two very important reads. The first is an
article from the Wall Street Journal this week on the Fed’s push to ease credit
for home buyers, particularly “boomerang” buyers (those that have gone through
a short-sale or foreclosure in the last few years, but have cleaned up their
credit and are wanting to again purchase). Government purchased loans
continue to make up the bulk of all lending and this can be significant to
opening up the market to more buyers. You don’t have to agree with these
steps, but we do need to take advantage of what is out there to help the consumer.
The second attachment is a Q & A on the government’s
(FHA) action and illustrates parameters of the initiative.
Please look at both of these and spread the word! Get
those buyers in to your trusted loan officers at Royal Charter Mortgage!
Good luck!
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