I work the Camp Lejeune, Jacksonville, and Wilmington housing markets as a Realtor.

Social media sites can change the rules overnight and all your work will be for naught.

But as a banker working on this program, I can tell you we are not happy and struggling to make structure an entire program and remain in compliance over night. 

my issue right now is the BRRR folks that find themselves stuck and cant refi.. or they can but rates doubled over night .. 

the finance sector that has really changed is the NON QM non owner occ loans that the HML / private lenders were off loading to Hedgefunds or other institutional note buyers.. these are not tied to the govmit.. so their funding sources just stopped over night.. so what your seeing is the SFR  BRRR person who was counting on a 5% rate to refi or cash out.. those are not available right now  cash out is limited or LTV pulled way back and rates at 8.5 to 10%  OVER NIGHT>. so those stuck in HML doing BRRRR have some issues and those that paid cash well if they want to pull cash it will be some time before they can at a good rate or maybe the rates will never be that good.. also some probably or a lot used their HELOCs to pay cash.. so now they leveraged their personal resi and cant pay it back until they refi. you know that was a popular model talked about on this site.  

One option that some LL’s are able to offer their Tenants is to pay their rent with a Credit Card....and, if you have a credit card, you’ll generally fall into one of two camps...Camp #1 – Have credit cards to receive ‘points’ or ‘cashback’ by using them to pay for most anything from entertainment, to food, to utilities, to most other things...

Nothing different yet in that camp.

For sure it became a buyers market overnight in Chicago.  

That one call opened up many new relationships and opportunities for me, but it didn’t happen overnight.

My wife and I attend and assist at Camp Geiger this coming Sunday at 7am ISMT, 8:30am at Devil Dog and 10am at Geiger Chapel.