2008-04-08T19:10:08Z opencongress.org tag:opencongress.org,2007:/bill/comments/47450 2008-04-08T19:10:08Z tag:opencongress.org,2008-04-08:/comment/4545 Anonymous I just saw part of the Fox News Report and there was Harry Reid stating the bill was "not enough". Apparently Congress will be voting tomorrow - who knows? Ms. Midwest Grouch 2008-03-28T18:49:36Z tag:opencongress.org,2008-03-28:/comment/3780 chrysb52 I do know that the National Assn of Realtors is waging an email campaign. The National Rev Mtg Lenders Assn is on it as well, so some political pressure is being applied. It IS frustrating, though, to feel that no one in power is listening. 2008-03-18T20:25:21Z tag:opencongress.org,2008-03-18:/comment/3435 Anonymous 3/18/08 Does anyone know if HUD and Senate/Congress have reconciled differences for REVERSE MORTGAGES on what changes/when they will go to the President for signature/ when effective? Seniors wait and wait while everyone else in the country get their snotty noses wiped! Old Grouch from the South 2008-03-12T11:10:12Z tag:opencongress.org,2008-03-12:/comment/2825 JoeH I'm trying to get a reverse mortgage for my father and I've run into a new wrinkle. My dads house does not meet FHA building standards (most older homes owned by the elderly don't) and the bank underwriters are keying in on every nuance. I'm sure their running scared because of the sub prime mess. We need an exemption that says these homes only have to be in good repair. 2008-03-12T13:19:01Z tag:opencongress.org,2008-03-12:/comment/2840 johnn143 Joel, here is a reply I received for you: Hi John, I would be interested in finding out specifically why it doesn't meet building standards. If it is a manufactured home pre 1976, there is nothing anyone can do, but if it is an SFR or a manufactured on perm foundation and in need of repair, we have funded several reverse mortgages where we do an escrow holdback for repairs to be made to bring the house up to par. So to answer your question, I believe I can help but need more details. Regards, Joe Wiggins President Cal State Home Loans 951.341.8100 951.341.8110 fax 2008-03-11T12:00:10Z tag:opencongress.org,2008-03-11:/comment/2748 Anonymous Thank you, I will continue to check! 2008-01-26T10:53:40Z tag:opencongress.org,2008-01-26:/comment/445 Anonymous Thanks Donny. Good information! 2008-01-18T19:13:21Z tag:opencongress.org,2008-01-18:/comment/286 johnn143 With the rise in inflation and housing prices, it is important that FHA financing keep up with the private sector. Not everyone in America has 20% to put down on a house. This bill will enable more people to realize the American dream and help the economy! 2008-03-20T09:15:45Z tag:opencongress.org,2008-03-20:/comment/3521 JoeH If we took as much time off as our elected officials, we'd be a third world country. 2008-01-16T13:36:58Z tag:opencongress.org,2008-01-16:/comment/222 textdog anyone have a translation for this? 2008-03-09T13:36:59Z tag:opencongress.org,2008-03-09:/comment/2620 Anonymous Is there a separate ammendment for the reverse mortgage - I was under the impression that the reverse was part of the original bill and that is what I really need so I can keep my home. 2008-03-08T11:19:59Z tag:opencongress.org,2008-03-08:/comment/2528 johnn143 It does NOT appear to include reverse mortgage: https://entp.hud.gov/idapp/html/hicost1.cfm Here is the current amounts on "regular" FHA: https://entp.hud.gov/idapp/html/hicost1.cfm 2008-03-08T10:57:15Z tag:opencongress.org,2008-03-08:/comment/2527 johnn143 I am trying to find specifics on the reverse mortgage issue. I will post more when I have confirmed whether it was included or not. 2008-03-07T09:40:22Z tag:opencongress.org,2008-03-07:/comment/2442 Anonymous Where can we get the new amounts for the other states? 2008-03-08T00:53:35Z tag:opencongress.org,2008-03-08:/comment/2512 Anonymous Are you saying that the Reverse Mortgage Stimilus Package Bill has passed for the state of California but not for other states? If so, when did it pass? 2008-02-27T11:56:27Z tag:opencongress.org,2008-02-27:/comment/1356 Anonymous It's been two months since this went to the joint senate/house committee for reconciliation. Like michae1 I need this legislation to get to the president. It's as important to seniors as the stimulus bill and potentially be even better for the economy. 2008-02-08T13:29:47Z tag:opencongress.org,2008-02-08:/comment/707 michae1 Can anyone confirm that the S.2338 that was passed did not contain the reverse mortgage help that was needed by increasing the fha loan limits? I was told that this item is covered in the National Housing Act under section 255(g)12usc1715z20(g). Also, that this portion of the bill s.2338 was set aside until sometime in april 2008. I understand that this measure was controlled by the fha/hud and that we should contact our local representatives to get clearification and insist that this be corrected ASAP. the oversight was not on purpose but was part of the h.r. 1852 bill that is not going to be looked at until april, but was thought to be part of S.2338, but was not. pls act asap 2008-05-23T23:56:42Z tag:opencongress.org,2008-05-23:/comment/17647 Anonymous Now I hear it should be approved before the July 4 recess - not counting on anything anymore with this Congress and will put my house on the market if it doesn't pass by then and try to sell at a lose. Ms Grouch/Midwest 2008-04-08T18:00:24Z tag:opencongress.org,2008-04-08:/comment/4534 Anonymous Anything happening yet re: HECM fees and loan limits? discussion supposed to start on Monday the 8th - with final version to the President to sign by the 15th - any chance it will happen? Grouch - South 2008-01-24T13:01:28Z tag:opencongress.org,2008-01-24:/comment/398 donnyshaw Alex Stenback has heard from "a very reliable sourse" that much of this bill (but an even higher loan limit) will be included in the economic stimulus package: "Sources in the House, the Senate, and the White House are all indicating today that a tentative consensus has been reached that the economic stimulus bill that Congress will send to the President will include much of the FHA Reform Legislation including raising the FHA loan limit max to match the FHA conforming limit AND a one year raise of the conforming limit to $625,000 with the possibility of an additional one year extension at expiration. All sources also indicate Congress will deliver the bill to the President before their break in mid-February and that it should be signed by the end of February. Obviously this is not "done" but all of the sources I am using are very close to the action. This would mean that we could see at least the loan limit portions of the legislation we are hoping for within the next 6 weeks." http://www.behindthemortgage.com/behind_the_mortgage/2008/01/news-on-conform.html And below are some reactions to the "news": http://calculatedrisk.blogspot.com/2008/01/were-all-jumbo-subprime-now.html http://www.chrishayes.org/blog/2008/jan/24/worst-stimulus-ever/