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8/29/2019

Homeless Housing cheap housing


There are many differences in manufactured homes. I refer to pre-fabricated or assembled in a factory after 1976 when building codes became clear in this industry.

There is a housing crisis in many areas of the United States. The cost to purchase a single-family home has skyrocketed in areas where highly paid employment combines with attractive lifestyle conditions. Buying a home today in California is nearly impossible to even a family with multiple income earners.
Americans need affordable alternatives to buying a stick built house or living in crowded condominiums. Home ownership is a known foundation for the stability of our economy and cultural structure.

The MHINCC (national Counsel) encourages standards for the many manufactured home builders in the United States. HUD needs to review the standards and clarify what installation systems are safe in certain locations and what insulation and construction rules provide a structure which is wind, seismic and moisture safe.

Mortgage lending for manufactured is far too restrictive. It is unclear to urban lenders exactly what foundation (auger, pier, post, block, poured concrete…) is appropriate for the situation and available for sale to our government.

Many lenders do not loan on manufactured homes as it is considered complex, higher risk and lower loan amounts which border on HIGH-COST LOANS risky. Some lenders have a special department that reviews the plans, specs, permits, tax rolls and installation of a new unit on land. There are 20-year loans available to be sold, but the additional time and risk to Underwrite and sell these loan types make few want to enter the ocean.

Perhaps HUD also under this same department umbrella the retrofitting of containers and other alternative construction methods which are being employed to avoid the high cost of housing.


8/26/2019

Best Gifts For Gardeners


The top gifts for Gardeners with links to purchase.
These are not affiliate links. I don't make anything from the links
All products I have used and love.
From Master Gardener, rose
patent holder and organic penny pincher for vegetable gardening

All these are around fifty dollars, maybe too steep for children to
buy for Mom; but this type of gift will be used for many years.




Hunter Garden Clogs $39
Great garden clogs green



















https://www.hunterboots.com/us/en_us/womens-shoes/womens-gardener-clogs/greengrey/1779











Soke Hidehisa for professional pruning shears from Japan

Steel $59 
Look at the cool design and imprint.
 These work wonders when you are
pruning roses for the winter.


Garden sheers for pruning





























Linen blend Apron from H and M washable $24.99 

Also comes in the normal garden beige and black but this sky blue is

amazing beautiful and even with weed stains, a few autumn leaves brushed

on it - still gorgeous

gorgeous sky blue apron for gardening





Blue and White Fish Bowl Pot $40
Blue and white porcelain fish pot for gardening






I love this and I will use it because it smells great and isn't sticky

sun screen










available at many beauty supply/ even CVS and department stores






Quay Sunglasses
Look pretty and they don't fall off when you lean over
Again you need to protect your eyesight as well as skin $55.00

sun glasses





Behrens Galvanized Watering Can Two Gallon Can

galvanized silver watering can




















Gardening books, gardening calendars, logs
Bruce Asakawa's book is great.
If you don't have alot of money your library bookstore sells used
gardening books. Because garden books aen't for the coffee table,
they are read outdoors- you can get away with a used book and
add seeds in a not a picture envelope as a bookmark
gardener's handbook




Grow Light Direct $100 
grow light for starting seeds

8/23/2019

VA Orphaned Mortgages Call Home



Yuki orphan
Ginnie Mae announces that the VA Orphaned loans can now be sold. 

Back in May 31 2018 Ginnie Mae and Congress came up with an plan that Veterans would not be allowed to refinance before two hundred and ten days lapsed after the close of their purchase or refinance transaction .

To explain, early pay offs before six months costs the originating lender a boat load of cash. The costs a fees a borrower pays for a home loan are not 
all recouped in closing costs. Lenders sell off mortgages, in this case VA loans to Ginnie Mae and receive a premium for each deal. 

The Economic Growth, Regulatory Relief and Consumer Protection Act of June 1 2018 set in motion a hard and fast law that made it so that all VA loans in process or at funding were held hostage and not considered saleable. The Department of Veterans Affairs and Congress failed to plan for the millions of mortgages in process. Lenders were forced
to hang on to loans and use warehouse lines or cash to fund these what became known as "orphaned loans." 

Ginnie Mae changed pooling eligibility criteria for Department of Veterans Affairs (VA) refinance loans in securities guaranteed on or after June 1, 2018. 
Today to be eligible to sell a loan to Ginnie Mae,  the note date of the refinance loans must be on or after 210 days after the first monthly mortgage payment was made, or the date on which six full monthly payments have been made on the mortgage, whichever is later.  

June 6th of 2018 after the legislation was signed into law, Ginnie Mae issued an All Participant Memorandum (APM) implementing the changes effective immediately which failed to plan for mid stream in progress loans, thus sticking all these mortgages into limbo.

Congress has now circled back, a year plus later, to allow lenders to sell the orphaned loans to Ginnie Mae. 


here is Congress's complete Bill
https://www.congress.gov/bill/116th-congress/senate-bill/1749/text 


8/19/2019

FHA CONDO Great News



feet on front stoop of sold house
New guidelines effective October 15, 2019, make condominium financing more accessible for FHA borrowers.  Previously, to finance a condominium unit with an FHA loan the condo project had to meet approval requirements.  With the new policy, individual condo units that are not part of an FHA-approved condo project may be eligible for FHA financing.  The policy change is a response to the need for more affordable options for first-time home buyers in today’s competitive market. 
“Today we are making certain FHA responds to what the market is telling us. This new rule allows FHA to meet its core mission to support eligible borrowers who are ready for homeownership and are most likely to enter the market with the purchase of a condominium,” said HUD Acting Deputy Secretary and FHA Commissioner Brian Montgomery.
Department of Housing and Urban Development’s released on Wednesday:
"FHA's new condominium policy is part of a broader Administration objective to reduce regulatory barriers that currently restrict affordable home ownership opportunities. FHA's new rule:
Introduces a new single-unit approval process to make it easier for individual condominium units to be eligible for FHA-insured financing;
Extends the re-certification requirement for approved condominium projects from two to three years; thus saving time and money."
Many first-time home buyers choose to purchase a condominium because they tend to be priced lower, and thus have a lower down payment than detached single-family homes.  They are low maintenance in terms of landscaping and exterior needs, many include community amenities like a gym or pool, and depending on the Homeowner’s Association (HOA) they could be a good investment property to rent out if the homeowner chooses to move to a larger home. 
Only six and half percent of one hundred and fifty thousand condominium developments in the United States were previously eligible for FHA-backed mortgages. It is expected that sixty thousand more complexes will fit into the new FHA guidelines. Many complexes due to lawsuits, lack of reserves, and health and safety violations became frozen to sell to first time home buyers who often use FHA products which allow low down payments. In the past sellers had to resort to hard money loans or higher interest rate niche products to sell or refinance their unit.

Lets’ talk about the complex where you have a listing 
and see if the unit is now 
more desirable to first time buyers 

or those who want to use an FHA mortgage.
(949) 784- 9699


C G
NMLS 324982
This is not a commitment to lend.
Equal Housing Opportunity.

2. Explanation of Materials Transmitted: This update to the FHA Single Family Housing Policy Handbook, or Handbook 4000.1 (Handbook), is to incorporate guidance for FHA Condominium Project Approval. The following new sections have been added to the Handbook: • Section II.A.8.p Condominiums • Section II.C Condominium Project Approval Existing content in the following sections has been updated to incorporate Condominium Project Approval guidance: • I.A.5 Doing Business with FHA –Supplemental Mortgagee Authorities • II.A Origination Through Post-Closing/Endorsement – Title II Insured Housing Programs Forward Mortgages • V Quality Control, Oversight and Compliance Below is a list of content updates being made to the Handbook: Handbook Section Handbook Changes Page Number(s) Section I – Doing Business with FHA I.A.5.e Title II Direct Endorsement Lender Condominium Project Review and Approval Process Authority Added new section that defines the scope of authority, eligibility requirements, application and approval process, and post-approval requirements to obtain Conditional and Unconditional DELRAP Authority. 37-41 Section II – Origination through Post-Closing/Endorsement II.A.1.b.iv(B)(4)(b) Property Eligibility and Acceptability Criteria – Site Condominiums Updated definition to align with new Site Condominium definition. 154 II.A.8.p Condominiums Added new Condominium section that includes requirements for: Units Not Requiring Approval; Units in Approved Condominium Projects; Single-Unit Approval; and Site Condominiums. 477-496 3 Handbook Section Handbook Changes Page Number(s) II.C Condominium Project Approval Added new Condominium Project Approval section with updated eligibility requirements to obtain FHA Condominium Project Approval and the Project Approval Submission process for HRAP and DELRAP. 510-537 II.D.6.a Condominium Projects – Definition; II.D.6.d.i Site Condominium – Definition Updated definitions to align with new Condominium Project, Common Elements, and Site Condominium definitions. 590 Section V – Quality Control, Oversight and Compliance V.A.1.b.iii Loan Administration Updated the definition of Loan Administration to include Condominium Project Approval. 969 V.A.2.a.i Who May Perform Quality Control – Employees Updated policy to require DELRAP staff who perform Quality Control (QC) Functions to be independent of the Condominium Project Approval processes. 971 V.A.3.d.i Quality Control Reviews of Specialized Mortgage Programs – Standard Updated guidance to include Condominiums and Condominium Project Approvals. 987 V.C.2.d DELRAP Mortgagee Monitoring Reviews Updated guidance to require that the DELRAP Mortgagee provide FHA with all information and documents requested during reviews to determine compliance, identify the potential scope of review, and indicate how findings will be communicated. 997 4 Handbook Section Handbook Changes Page Number(s) V.E.3.a.v Return to Conditional or Withdrawal of Unconditional DELRAP Authority Updated guidance to include the adverse actions the DELRAP Mortgagee is subject to if DE Authority is lost or if the DELRAP Mortgagee does not comply with Condominium Project Approval Requirements. 1009-1010 Handbook Section Handbook Changes Page Number(s) Throughout Document Various technical edits including hyperlinks, punctuation, formatting, grammar, spelling, and capitalization. 148, 152, 154, 166, 168, 183, 253, 328, 331, 362, 364, 366, 371, 404, 538, 544, 545, 555, 586, 591, 620, 623, 705, 722, 734, 757, 758, 766, 772, 890, 920, 975, 979 3. Implementation The Handbook will be effective 60 days after the final “Condominium Project Approval Rule” is published in the Federal Register. Handbook changes in Section II.A.8.p Condominiums are effective for case numbers assigned on or after October 15, 2019. Handbook changes in Sections II.C Condominium Project Approval are effective for Condominium Project Approvals and Recertifications on or after October 15, 2019. 4. Superseded Policy: Previous versions of Handbook 4000.1 are amended as described in this Transmittal. All previously superseded or canceled Mortgagee Letters, Housing Notices, and/or Handbooks remain canceled or superseded, except for items notated by * below. All superseded or canceled policy documents will continue to be available for informational purposes only on HUD’s website. Policy documents that have been superseded in full by the Handbook can always be found on HUD’s Client Information Policy Systems (HUDCLIPS) web pages, accessible from the Single Family Housing Superseded Policy Documents page at http://portal.hud.gov/hudportal/HUD?src=/program_offices/administration/hudclips/sfhsuperseded. Mortgagee Letter(s) Superseded in Whole ML Number Extension of Temporary Approval Provisions for the Federal Housing Administration (FHA) Condominium Project Approval Process 2017-13 5 Mortgagee Letter(s) Superseded in Whole ML Number Federal Housing Administration (FHA) Condominium Project Approval – Owner Occupancy Requirement 2016-15 Extension of Temporary Approval Provisions for the Federal Housing Administration (FHA) Condominium Project Approval Process 2016-13 Additional Temporary Approval Provisions for Federal Housing Administration (FHA) Condominium Project Approval with Att-1 FHA Condominium Recertification Checklist 2015-27 Extension of Temporary Approval Provisions for the Federal Housing Administration (FHA) Condominium Project Approval Process 2014-17 Temporary Approval Provisions for the Federal Housing Administration (FHA) Condominium Project Approval Process 2012-18 Housing Notice(s) Superseded Document Number Extension of Temporary Approval Provisions for the Federal Housing Administration (FHA) Condominium Project Approval Process H 2014-11 Waiver(s) Not Superseded ML Number Partial Waiver of Mortgagee Letter 2011-22, Attachment 1: Condominium Project Approval and Processing Guide, Section 2.1.9 (2/7/2018) 2011-22 Mortgagee Letter(s) Superseded in Part ML Number The following Mortgagee Letter remain effective for the sections noted. Sections: 1.8.7 Affordable Housing; 1.8.8 Deed Restrictions; and 1.8.9 Restrictions on Leasing in Mortgagee Letter 2011-22 Condominium Approval Process for Single Family Housing – Consolidation and Update of Approval Requirements remain effective for Condominium Project Approvals, LoanLevel Approvals, and Single-Unit Approvals until a final rule superseding the guidance is issued. 2011-22 Section:1.8.7 Section:1.8.8 Section:1.8.9 5. Paperwork Reduction Act: The information collection requirements contained in this document have been approved by the Office of Management and Budget (OMB) under the Paperwork Reduction Act of 1995 (44 U.S.C. 3501-3520) and assigned OMB control numbers 2502-0005; 2502-0059; 2502-0117; 2502-0189; 2502-0302; 2502-0306; 2502-0322; 2502-0358; 2502-0404; 2502-0414; 2502-0429; 2502-0494; 2502-0496; 2502-0525; 2502-0527; 2502-0538; 2502-0540; 2502-0556; 2502-0561; 2502-0566; 2502-0569; 2502-0570; 2502-0583; 2502-0584; 2502-0589; 2502-0595, 2502-0600 and 2502-0610. 6 In accordance with the Paperwork Reduction Act, HUD may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection displays a currently valid OMB control number. FHA Single Family Housing Policy Handbook Table of Contents Handbook 4000.1 i Effective Date: 09/14/2015 | Last Revised: 08/14/2019 *Refer to the online version of SF Handbook 4000.1 for specific sections’ effective dates FHA Single Family Housing Policy Handbook