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THE FOLLOWING IS AN ACTUAL LETTER RECEIVED 9/14/2009 - GREAT JOB LAMBROS!!!!!

RHF,  my name is Steve XXXXX(removed for privacy) I was able to purchase 2 funeral homes in New York due to the efforts of one of your employees, Lambros Orfanitopoulos. This deal started about 2 years ago and it was a real rocky deal.Through the whole ordeal Lambros was right by my side. He never gave up even when things got rough. He was always available even on his days off. He kept me up to date even if the news wasn't good. He is a true professional and he really looks out for his client. He started with me and was even present at the closing. I just wanted to let you know what type of employee you have. Iwant to thank him and your company.

Here is an article from Rismedia that supports the anticipation that mortgage rates should remain stable... for now.. RISMedia » Federal Reserve article 7-22-09.pdf

Many first time buyers or Realtors working with first time buyers are unaware of the State, County, and even Municipal programs that are available. There are many different programs or grants that can be applied to things like closing costs, home improvements, and even in some cases down payment assistance. In addition in many instances an individual who has previously owned a home but has not owned a home in the three (3) years prior to receiving assistance would be considered a first time buyer.

Programs vary from County to County and Municipality to Municipality. Please consult a mortgage professional that is familiar to working with these programs. At Residential Home Funding we have regular training for our Loan Specialists on the latest programs for home buyers. We consider it our civic duty, and our personal pleasure, to help our hard working clients become home owners and enjoy the "American Dream" !

The Federal Reserve has pledged to cut its key interest rate. The federal funds rate, the interest that banks charge each other, to a range of zero to 0.25 percent. The central bank says it plans to use a variety of unconventional methods to flood the banking system with credit and drive interest rates lower.

According to the Associate Press.. "the Fed last month said it planned to purchase up to $600 billion in direct debt and mortgage-backed securities issued by big financial players including Fannie Mae and Freddie Mac in an effort to boost the availability of mortgage loans".

"The Federal Reserve will employ all available tools to promote the resumption of sustainable economic growth and to preserve price stability," the Fed said.