just plain duckie.

Remember Donald Duck? Donald Duck has a very short fuse. It didn’t take much stress coming his way to ruffle his feathers. If one more person tells me that ‘’mortgages can be tricky’’, I just may turn into a duck.



A really pissed off duck.

I have been so mad, stressed, sad, and just plain angry that I believe I could fry an egg on my head…hair and all.

We have the money for a down payment. We have the credit score. We have a housing contract. And twice (twice?!?!?!?!?) the day before we are scheduled to close we have had some major banking catastrophe.

Today’s Catastophe:

WASHINGTON - The Federal Housing Administration (FHA) today suspended Taylor, Bean and Whitaker Mortgage Corporation (TBW) of Ocala, Florida, thereby preventing the Company from originating and underwriting new FHA-insured mortgages. The Government National Mortgage Association (Ginnie Mae) is also defaulting and terminating TBW as an issuer in its Mortgage-Backed Securities (MBS) program and is ending TBW's ability to continue to service Ginnie Mae securities. This means that, effective immediately, TBW will not be able to issue Ginnie Mae securities, and Ginnie Mae will take control of TBW's nearly $25 billion Ginnie Mae portfolio.
FHA and Ginnie Mae are imposing these actions because TBW failed to submit a required annual financial report and misrepresented that there were no unresolved issues with its independent auditor even though the auditor ceased its financial examination after discovering certain irregular transactions that raised concerns of fraud. FHA's suspension is also based on TBW's failure to disclose, and its false certifications concealing, that it was the subject of two examinations into its business practices in the past year.
"Today, we suspend one company but there is a very clear message that should be heard throughout the FHA lending world - operate within our standards or we won't do business with you," said HUD Secretary Shaun Donovan.

And we were using Taylor, Bean and Whitaker…closing tomorrow.

It’s emotional to find a home that suits our life and what Scott and I are planning for our lives. And then to be delayed a month. And then two months. And then indefinitely. And only God knows where this is going this time.

I am sick and tired. I am sick and tired of boxes in my kitchen. I am sick and tired of yard sale signs in my living room. I am sick and tired of talking to the banker more than I am talking to my family. I am sick and tired of coworkers asking how my move is going. I am sick and tired.



Actually, I am just plain ducky.