What Now? Government trying to enforce new FHA Guidelines?

Yes that is exactly what they are trying to do. Instead of putting their focus on the Big Banks to enforce them to comply with the terms of the bail out money and work with homeowners on modifications (ie: Hardest Hit Fund)
http://www.nvar.org/Libraries/Enews_and_Health_Enews_Repository/Hardest_Hit_Fund.sflb.ashx
instead they are looking to regulate FHA guidelines even further which will kill our slowly recovering market.

"How", you ask?

The government wants to lower the loan limits for FHA "and" raise the required amount down from 3.5% to 20%! Do you have $20,000 to put down on a $100,000 home? What about $40,000 if you want to buy a home in Green Valley, Summerlin etc. Of course not! This is ludicrous and until we speak out they will run us over yet again with absurd policies.

Listen to the podcast:
http://www.realtor.org/wps/wcm/connect/e4c45d804753133882d0abaa3b85ca9a/vid00004.mp3?MOD=AJPERES

Here is a link to the National Association Realtor's Site for more current info regarding the housing market.
http://www.realtor.org/about_nar/presidents_report/_podcast_archive/loanlimits_qrm?cid=WR06222011:22086&ed_rid=1095594

STEP UP AND BE HEARD!