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Nehemiah Corporation of America 14 Oct 2012 | 08:07 pm
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Ameridream and Nehemiah Lobbied to Stop 100% Financing 7 Apr 2009 | 10:49 am
Ameridream Inc and Nehemiah Corp of America are lobbying to legalize their (currently illegal) business model, as it involves laundering down payments on FHA loans from home sellers to buyers for a fe...
Major Seller-Funded Down Payment Company Sinks to New Low 10 Feb 2009 | 11:14 am
Just when I thought the "non-profit" seller-funded down payment assistance providers couldn't sink any lower, the employees of Nehemiah Corporation of America raise the bar on deception. Its on.....
H.R. 600: The Laundered Down Payment Saga Continues … 29 Jan 2009 | 06:37 am
Not to be dissuaded by the fact the IRS referred to seller-funded down payment grants as scams, Representatives Al Green (D-TX), Maxine Waters (D-CA) and Gary Miller (R-CA) continue to champion the ca...
Members of House Say “YES” to FHA Down Payment Fraud “NO” to Reform 5 Nov 2008 | 10:55 am
FHA rules do not allow property sellers to give buyers the funds for their down payment. The reasons why FHA prohibits the borrower from obtaining funds for the down payment from the seller are numer...
The Genesis Program: How to Make Big Bucks as a Non-Profit 4 Oct 2008 | 11:44 am
It's no secret that the "non-profit" seller-funded down payment assistance industry has grown exponentially resulting in numerous programs and providers. It's also no secret that the IRS refe...
FHA Says No to Buy-and-Bail! 26 Sep 2008 | 08:25 am
In an attempt to curtail the practice of strapped borrowers buying-and-bailing from distressed properties, FHA has implemented a temporary policy that changes the way HUD looks at proposed rental inco...
Talking Points on H.R. 6694: Who’s Line Is it, Anyway? 22 Sep 2008 | 12:21 pm
From Good Math, Bad Math: "Statistics is an area which is poorly understood by most people, and as a result, it's an area which is commonly used to mislead people. The thing is, when you're wo...
FHA Terminates Non-FHA Approved Brokers for HECM Program 20 Sep 2008 | 10:55 am
As previously predicted on prior posts, FHA has pulled the plug on the FHA Reverse Mortgage Advisor Program with the issuance of Mortgagee Letter 2008-24. Click here to view letter. Mortgagee Lette.....
House Financial Services Committee Approves Markup of H.R. 6694 18 Sep 2008 | 02:57 pm
As anticipated, the House Financial Services Committee approved the markup of H.R. 6694 effectively paving the way for future vote by the House of Representatives. Click here to view hearing. The ad...
