I was not complaining about the 10%. Rumors are exactly that “Rumors” All I was asking that when they finally decide to implement the cut it would be nice if they gave us at least a 30 day notice so we can work with customers in the pipeline.

Wow!! Last July there were rumors that some of the largest lenders were preparing their software for a 10% reduction. One rumor in July 2009 stated that B of A was going to implement it in August. I hoping for the last one but laughed when I heard it and as I write it.

NRMLA was giving all the right signals. HUD was initiating many of them. I guess we will hear some people belly aching about 10/1 for years to come. I just hope you will not be asleep at the switch again. Be prepared, there could a reduction on the principal limits for the next fiscal year as well.

Not at all. It will be even more interesting to get the perspective of someone who was in the industry and decided to go to a different industry. So please do not stop your participation in RMD after 12/31.

Also please let us know after 12/31/ of course who that good authority is or some information that will allow to see the level of authority that person is. It is interesting that someone is making those kinds of claims whom you consider good authority.

Best of luck in your future endeavors!!