USDA is back in action

Government just approved an addition 18 billion in Guaranteed Housing Funds which will provide funding until the end of the fiscal year 2010.
Also.......

The House has passed legislation that will allow the USDA program to continue and sustain itself (so it won't run out of funds again and leave us Lenders, Realtors, and Buyers in flux). To do this they are are changing the 1 time funding fee from 2.25% to 3.5%. The funding fee will still be financed in the same way the current funding fee is.

Before this can go into effect the legislation has to go through the Senete and signed by the President himself.

I have added a tracker to my blog so you can follow whats happening in Washington.