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Economic News

Doing FHA Getting Real Tough, Real Soon – 06.17.10

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Russell has been an Associate Broker with John Hall & Associates since 1978 and ranks in the top 1% of all agents in the U.S. Most recently The Wall Street Journal recognized the Top 200 Agents in America, awarding Russell # 25 for number of units sold. Russell has been featured in many books such as, "The Billion Dollar Agent" by Steve Kantor and "The Millionaire Real Estate Agent" by Gary Keller and has often been a featured speaker for national conventions and routinely speaks at various state and local association conventions. Visit him also at nohasslelisting.com and number1homeagent.com.

12 Comments

12 Comments

  1. Jonathan Benya

    June 20, 2010 at 10:51 pm

    I wrote about this issue over a month ago when the legislation was introduced on my blog:

    somdexpert.com/2010/05/12/what-does-the-fha-reform-act-of-2010-mean-for-buyers-sellers/

    the bottom line is this will create the ability to drop a buyers qualification from $300k to as low as $267k overnight. If this sucker passes everyone is in for a rough ride. another 10% drop in the market nationwide? Totally possible. As a Realtor, Buyer, Seller, Lender, Heck, EVERYONE needs to call their Senator and tell them to kill HR 5072!!

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