Entries from June 2008

Cruising in Charlotte

Date June 25, 2008

Cruising , North Carolina

This morning on the way in to the office, I stopped for some gas. As I was filling up, I heard a car revving the engine and spinning its tires. Two thoughts came to mind… “I remember…

Charlotte Home Loans Offline

Date June 24, 2008

Home Loans Went Offline

Due to a recent influx of guests and visitors, Home Loans traffic and server loads jumped! While this is exciting news, it also means the EdNailor.com is getting too big! Too big for our current server, anyway!

We…

Ed Nailor was on NPR

Date June 21, 2008


wfae-nprThis past Thursday, I was interviewed by Julie Rose, reporter with WFAE 90.7 FM, an affiliate of NPR (National Public Radio) here in NC. Julie Rose was doing a story on ’s Pick A Pay mortgage loan and wanted to ask me…

FHA Lifts 90 Day Ownership Rule!

Date June 19, 2008


FHA “Flipping” Rule Has Been Waived

Charlotte FHA Mortgage LoansJune 9, 2008: FHA’s Assistant Secretary for Housing - Federal Housing Commissioner, Brian D. Montgomery signed the
Waiver of Requirements of 24 CFR 203.37a (b)(2) which waives the requirement of the seller of a property holding…

How $25 Stopped a Home Purchase

Date June 18, 2008

Home Loan Dies over $25

“But it was only $25.00. Surely that can’t matter that much!” Unfortunately, it did.

Recently a client of mine went from being approved to
buy a home in Charlotte to being denied for a
Charlotte mortgage loan. It was…