Just a couple of things pertaining to USDA. The bill has moved on to the Senate. Bill #3266 has received 5 additional co-sponsors, bipartisan support for the bill. The trouble here is that the Senate moves at their own pace (not that of Super Saver). So far, the bill has yet to be put on the calendar for committee vote. Given the slow turning wheels and then the IT time to set up the changes in their system, this could take time. Lenders and borrowers expecting to close USDA loans the first week of June might be too optimistic.
Lenders and borrowers expecting to close USDA loans the first week of June might be too optimistic
May 10, 2010|Austin Mortgage Market|
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