It appears the time has finally come. Actually, we haven't been screaming about it for ALL that long. Just a short while, really.
But... how much longer can we put UP with this... until we just absolutely lose control and fight back ?
Well... Here Goes !
As we all know... the Federal National Mortgage Association... FNMA... we call Fannie Mae
And... the Government National Mortgage Association... GNMA... we call Ginnie Mae
And... the Federal Home Loan Mortgage Corporation... FHLMC... we call Freddie Mac
So... in the spirit of these nicknames... which are "almost" acronyms... not quite, but almost...
I now propose a new name... again, not quite an "acronym"... but I think it will work just the same.
The brand new form of the Good Faith Estimate... has not been well received. It is confusing, it throws our timing for transactions out of whack... and... to be honest... the Good Faith Estimate... the GFE... has simply become a pain in the butt !
I propose... that from now on... we refer to the Good Faith Estimate... the GFE... as "The Goofie."
So... ladies and gentlemen, boyz and girlz... the next time you call your Loan Officer... and want a Good Faith Estimate... remember this...
Just say... "Hi Brenda... this is Karen Anne Stone. Regarding my buyers Jason and Donna Homebuyer on the property at 234 Honey Bun Lane... could you send me a Goofie?"
Whaddya think ? Me... I think it just might have possiblilties :)