July is here with a bang.
Well FHA has taken up the slack left by the subprime melt-down. FHA is the only place left that borrowers can get a 97% loan and the seller can contrubute 3% in sellers consessions, making the deal a no money down loan.
I do not know what this will lead to but I do know the the FHA will not run out of money like the private section. If you can print money you cannot runout, it may be worth less but you can't run out.
The first six months was a record for C & M, our business keeps growing now that the lenders really want to know what it is worth not just what will make the deal work.
I am happy to announce that we have added Ms. Lisa Mullins to our staff, Lisa will be processing the reports to speed up our turn-time on orders. We are now at 4 days from inspection and our goal to cut that in half. With the large area that I cover this is a lofty goal but one we can reach.
To that end we have added two associates, Christy Jones and Linda Scarbrough to help with data collection in South and Far Western Kentucky.
We are excited to have Chirsty and Linda working with us to improve customer service.