Origination News - Congress to Mortgage Borrowers: Merry Christmas and Drop Dead - What We're Hearing
Origination News - Congress to Kentucky and Louisville Ky Mortgage borrowes in 2012
Friday, December 23, 2011
By Paul Muolo
What would Congress do if it didn't have housing (and mortgage banking) to kick around? Who knows, really. Passing the payroll tax break extension was a good idea. It puts extra money in the pockets of potential mortgage customers who might use the cash to finance a home. Oh, but wait. The new payroll tax break extension is being funded through a 10 basis point hike in guarantee fees charged to seller/services by Fannie Mae and Freddie Mac. Do the lug heads in Congress really think the mortgage industry is going to eat this cost? If they do, maybe Santa will come sliding down their chimneys in two days. As we all know higher g-fees will be passed onto mortgage applicants. The publicly traded Wells Fargo sure as heck isn't going to eat the cost. But it is the holiday season. Maybe Congress will come to its senses and find another way to fund the payroll tax break. The extension is for two months only. Hope springs eternal. March 1 is right around the corner

I specialize in Kentucky FHA, VA, USDA & Rural Housing, KHC and Fannie Mae mortgage loans. I have helped over 589 Kentucky families buy their first home and refinance their current mortgage for a lower rate; First time buyer $0 down still available with down payment assistance with KHC. Free Mortgage applications same day approvals. This web site is not endorsed by the FHA, VA, USDA, HUD or any other govt agency.Text/call 502-905-3708 kentuckyloan@gmail.com NMLS#57916 Equal Housing Lender
Pages
- 4 Things Required for a KY Mortgage Loan Approval
- Credit Scores Kentucky Mortgage Loan
- Kentucky First-time Home Buyer Programs
- Down Payment Assistance Kentucky 2019
- Kentucky FHA Mortgage Information
- Kentucky VA Mortgage Loan Information
- USDA Rural Housing Kentucky Loan Information
- Zero Down Kentucky Mortgages
- First-time Home-buyers in Kentucky
- Documents Needed Mortgage Approval in Kentucky
- Do's & Dont's before closing:
- Free Credit Score Booklet
- Closing Costs Kentucky Mortgage
- Lock Kentucky Mortgage Loan Rate
- Home Inspections Kentucky
