I submitted an application, and now I am wondering how long it is going to take to hear back from someone.
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We are in a holding pattern since no lenders across America have come on-board with the new FHA program. They are working on it and it is expected to happen within the next 4-8 weeks, from what we are told. I will be calling everyone when we get official word that they have place the FHA -Hope for Homeowners Program within the group of loan products they offer. Until then, we all have to have patience.
Please be sure to watch my other videos on the "Video News Updates" link on the homepage. You can keep yourself updated there.
Also, check out the VIDEO ALERTS graphic on the homepage for more useful videos.
Visit the site to see the new underwriting guideline changes that have been posted on November 19th, 2008. This new adjustment should cause the funding channels to act on the program and deliver it to the public on the near future.
Best Regards,
Steve
Please watch these videos. They will give you more insight to what's going on...
http://seesmic.com/video/RXOIwgFESC
November 11th, 2008 Update:
http://seesmic.com/video/A3KA9lyG1m
Information regarding the Freddie Mac and Fannie Mae Loan Modification offering:
http://seesmic.com/video/5Hk5a9YvXu
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