Comments on: What’s going on with the jumbo loan market? http://blownmortgage.com/2007/08/24/whats-going-on-with-the-jumbo-loan-market/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Sat, 07 Nov 2009 02:53:18 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Westparker http://blownmortgage.com/2007/08/24/whats-going-on-with-the-jumbo-loan-market/comment-page-1/#comment-3190 Westparker Mon, 27 Aug 2007 04:42:17 +0000 http://blownmortgage.com/2007/08/24/whats-going-on-with-the-jumbo-loan-market/#comment-3190 News out friday was that the fed was accepting any AAA paper at the discount window (yes it includes MBS). It didn't get much coverage, I'm sure they didn't want to be perceived as "bailing out" anyone. Now they can get 30 money at 5.75% to lend at 8.5%, not too bad. News out friday was that the fed was accepting any AAA paper at the discount window (yes it includes MBS). It didn’t get much coverage, I’m sure they didn’t want to be perceived as “bailing out” anyone. Now they can get 30 money at 5.75% to lend at 8.5%, not too bad.

]]> By: Morgan Brown http://blownmortgage.com/2007/08/24/whats-going-on-with-the-jumbo-loan-market/comment-page-1/#comment-3179 Morgan Brown Mon, 27 Aug 2007 01:23:54 +0000 http://blownmortgage.com/2007/08/24/whats-going-on-with-the-jumbo-loan-market/#comment-3179 Can the Fed take jumbo-based MBS as collateral for borrowing at the discount window? Or do they only take agency? It looks like they take both, but I'm not an expert in that arena. http://www.frbdiscountwindow.org/cfaq.cfm?hdrID=21&dtlID=90 Is it possible that if they take jumbo product as collateral at the discount window these banks are simply relying on the discount window to finance jumbo lending? Anyone? Can the Fed take jumbo-based MBS as collateral for borrowing at the discount window? Or do they only take agency? It looks like they take both, but I’m not an expert in that arena.

http://www.frbdiscountwindow.org/cfaq.cfm?hdrID=21&dtlID=90

Is it possible that if they take jumbo product as collateral at the discount window these banks are simply relying on the discount window to finance jumbo lending?

Anyone?

]]> By: Morgan Brown http://blownmortgage.com/2007/08/24/whats-going-on-with-the-jumbo-loan-market/comment-page-1/#comment-3014 Morgan Brown Sat, 25 Aug 2007 23:02:01 +0000 http://blownmortgage.com/2007/08/24/whats-going-on-with-the-jumbo-loan-market/#comment-3014 Could it be that the forward commitments on alt-a purchases freed up money for jumbo loans held on portfolio that would have originally been reserved for alt-a products? Could it be that the forward commitments on alt-a purchases freed up money for jumbo loans held on portfolio that would have originally been reserved for alt-a products?

]]> By: Tike http://blownmortgage.com/2007/08/24/whats-going-on-with-the-jumbo-loan-market/comment-page-1/#comment-3013 Tike Sat, 25 Aug 2007 21:54:03 +0000 http://blownmortgage.com/2007/08/24/whats-going-on-with-the-jumbo-loan-market/#comment-3013 What are the general guidelines for National Citys jumbos? max CLTV, max DTI, doc type, and approx floor on the interest rate? What are the general guidelines for National Citys jumbos? max CLTV, max DTI, doc type, and approx floor on the interest rate?

]]> By: Jeff http://blownmortgage.com/2007/08/24/whats-going-on-with-the-jumbo-loan-market/comment-page-1/#comment-3011 Jeff Sat, 25 Aug 2007 16:40:59 +0000 http://blownmortgage.com/2007/08/24/whats-going-on-with-the-jumbo-loan-market/#comment-3011 In the spirirt of democracy and a good saturday round table discussion, what is your view on the proposed bailout plans that the presidential candidates have been discussing? http://thegreatloanblog.blogspot.com/ In the spirirt of democracy and a good saturday round table discussion, what is your view on the proposed bailout plans that the presidential candidates have been discussing?
http://thegreatloanblog.blogspot.com/

]]> By: Jeff's Moped http://blownmortgage.com/2007/08/24/whats-going-on-with-the-jumbo-loan-market/comment-page-1/#comment-2997 Jeff's Moped Sat, 25 Aug 2007 06:42:48 +0000 http://blownmortgage.com/2007/08/24/whats-going-on-with-the-jumbo-loan-market/#comment-2997 I'm with I-Man. FHLMC can't buy jumbos by definition. You know, that whole conforming loan limit thingy. I’m with I-Man. FHLMC can’t buy jumbos by definition. You know, that whole conforming loan limit thingy.

]]> By: I-Man http://blownmortgage.com/2007/08/24/whats-going-on-with-the-jumbo-loan-market/comment-page-1/#comment-2995 I-Man Sat, 25 Aug 2007 06:07:57 +0000 http://blownmortgage.com/2007/08/24/whats-going-on-with-the-jumbo-loan-market/#comment-2995 But did Freddie agree to Jumbos? I don't think so. That press release seemed to be all about Alt-A. Am I missing something? But did Freddie agree to Jumbos? I don’t think so. That press release seemed to be all about Alt-A. Am I missing something?

]]> By: Morgan Brown http://blownmortgage.com/2007/08/24/whats-going-on-with-the-jumbo-loan-market/comment-page-1/#comment-2988 Morgan Brown Sat, 25 Aug 2007 04:47:33 +0000 http://blownmortgage.com/2007/08/24/whats-going-on-with-the-jumbo-loan-market/#comment-2988 Thanks Ravi - I actually received a copy of that press release Tanta received, but forgot all about it and didn't put two and two together. Thanks for the refresher! For those of you looking for Ravi's link - just click his name and it will take you to Tanta's post. Thanks Ravi – I actually received a copy of that press release Tanta received, but forgot all about it and didn’t put two and two together. Thanks for the refresher! For those of you looking for Ravi’s link – just click his name and it will take you to Tanta’s post.

]]> By: Ravi http://blownmortgage.com/2007/08/24/whats-going-on-with-the-jumbo-loan-market/comment-page-1/#comment-2981 Ravi Fri, 24 Aug 2007 23:16:13 +0000 http://blownmortgage.com/2007/08/24/whats-going-on-with-the-jumbo-loan-market/#comment-2981 Based on the Calculated Risk post I linked, I'd guess that some lenders finished negotiating their terms for forward purchases with Freddie Mac. Based on the Calculated Risk post I linked, I’d guess that some lenders finished negotiating their terms for forward purchases with Freddie Mac.

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