Comment Submitted by Chris Rosania

Document ID: HUD-2010-0063-0018
Document Type: Public Submission
Agency: Department Of Housing And Urban Development
Received Date: July 16 2010, at 12:00 AM Eastern Daylight Time
Date Posted: July 20 2010, at 12:00 AM Eastern Standard Time
Comment Start Date: July 15 2010, at 12:00 AM Eastern Standard Time
Comment Due Date: August 16 2010, at 11:59 PM Eastern Standard Time
Tracking Number: 80b1b5a2
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This is comment on Notice

FR–5404–N–01 Federal Housing Administration Risk Management Initiatives: Reduction of Seller Concessions and New Loan-to-Value and Credit Score Requirements

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These proposed changes will prevent most Blue Collar workers and first time home buyers from becoming home owners. A call to action is absolutely essential to stop this from occuring and also to show that the Governement has stepped a little too far to the right concerning these ideas .. please hear our voices ..This cannot and must not be allowed to happen, lastly we must think of the Real Estate Brokers, Investors, Agents, and Mortgage Bankers who would also be greatly affected, if this plan is allowed to pass

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Comment Submitted by Jeff Bell, Cobalt Mortgage
Public Submission Posted: 07/20/2010 ID: HUD-2010-0063-0002