FHA Mortgage Guide

Don walker asks “is this service an FHA information forum or your personal political blog. Please stick to the FHA information. We are smart enough to make our own political decisions.”

FHA mortgages inevitably involve political issues.

*On August 31st the President of the United States went on national television to introduce the FHASecure program. When last I looked, all presidents are products of the political process.

*The House and the Senate have been debating FHA reform and modernization for months. Are not all senators and representatives elected? Are any somehow nonpolitical?

*HUD sends out news releases which absolutely support President Bush, including support for FHA reform as HUD would like to see it.

*The decision to raise or not raise FHA loan limits was part of the stimulus-package debate — a debate which absolutely involves politicians.

*Every real estate association has a PAC, lobbyists and PR people to make sure their side of the story is told, re-told and told again. The people who don’t have PACs, lobbyists and PR people are borrowers, buyers and sellers.

This site is not a “service.” No one pays for access. It’s a blog that looks at FHA loans and not just through the prism of HUD-approved news releases. You can certainly find sites which reproduce HUD releases or you can simply go to HUD’s news release page.

But the many folks who read this blog are looking for something else. They would like to know more than what HUD has to say, more than the official story.

In just a few months this blog has emerged as one of the largest FHA sites online — we can routinely be found on the first or second page with leading search engines and we are typically at the top of FHA blog lists.

Why? You can find reproduced news releases anywhere. But we go further. We try to offer some perspective, some depth and some commentary. Moreover, we welcome non-commercial postings by others, including postings critical of our views.

When you say “stick to the FHA information” do you mean we should not be inquisitive? Not be critical? Not have an independent thought? No one tells HUD to just ”stick to the FHA information.” It’s assumed and accepted that HUD has a political point of view– but not the ONLY point of view.

To find sanitized “FHA information” just go to HUD’s site. You can sort through their manuals, mortgagee letters and press releases. But if you want a sense of what’s really going on, then you’re welcome to join the large and growing number of folks who visit this site each day.

Frederick Rolfe, writing in Hadrian VII, said complete agreement indicates complete stagnation. The Internet has democratized the flow of information. The genie is out of the bottle. Thoughts about HUD and the FHA are not somehow off limits. We call ‘em as we see ‘em — pro, con and everything in between.

Check out these FHA resources for more information

This entry was posted on Monday, February 11th, 2008 at 5:24 am and is filed under FHA, FHASecure. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.