Comments on: 2008 Loan Limits Are to Remain the Same http://blownmortgage.com/2007/12/01/2008-loan-limits-are-to-remain-the-same/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Fri, 20 Nov 2009 00:20:49 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Atlanta New Homes http://blownmortgage.com/2007/12/01/2008-loan-limits-are-to-remain-the-same/comment-page-1/#comment-7692 Atlanta New Homes Thu, 06 Dec 2007 20:30:24 +0000 http://blownmortgage.com/2007/12/01/2008-loan-limits-are-to-remain-the-same/#comment-7692 I am also glad they chose not to raise it. Americans living beyond their means sets the general public up for a life of debt and despair. Makes for an interesting argument though! I am also glad they chose not to raise it. Americans living beyond their means sets the general public up for a life of debt and despair.

Makes for an interesting argument though!

]]> By: rbueno http://blownmortgage.com/2007/12/01/2008-loan-limits-are-to-remain-the-same/comment-page-1/#comment-7505 rbueno Mon, 03 Dec 2007 02:16:50 +0000 http://blownmortgage.com/2007/12/01/2008-loan-limits-are-to-remain-the-same/#comment-7505 Tom: LOL. I was in a humorous mood and the news was Tuesday... But like I said, just in case someone missed it. Don: I for one am glad they didn't raise it either. This correcting market will bring to light how many Americans are living beyond their means. If we raised the limits, I'd feel as if though we'd be perpetuating the problem. Now in saying this I'm not singling out homeowners and saying "hey too bad!" I'm simply saying that this probably isn't a good solution to it all. Tom: LOL. I was in a humorous mood and the news was Tuesday… But like I said, just in case someone missed it.

Don: I for one am glad they didn’t raise it either. This correcting market will bring to light how many Americans are living beyond their means. If we raised the limits, I’d feel as if though we’d be perpetuating the problem.

Now in saying this I’m not singling out homeowners and saying “hey too bad!” I’m simply saying that this probably isn’t a good solution to it all.

]]> By: Don http://blownmortgage.com/2007/12/01/2008-loan-limits-are-to-remain-the-same/comment-page-1/#comment-7503 Don Mon, 03 Dec 2007 00:25:48 +0000 http://blownmortgage.com/2007/12/01/2008-loan-limits-are-to-remain-the-same/#comment-7503 I'm thankful they did not raise it. It's just rewarding bad behavior and stupidity. It's better to stop the bleeding and take the medicine now. We just MIGHT avoid a depression. I’m thankful they did not raise it. It’s just rewarding bad behavior and stupidity. It’s better to stop the bleeding and take the medicine now. We just MIGHT avoid a depression.

]]> By: Tom Vanderwell http://blownmortgage.com/2007/12/01/2008-loan-limits-are-to-remain-the-same/comment-page-1/#comment-7495 Tom Vanderwell Sun, 02 Dec 2007 20:56:26 +0000 http://blownmortgage.com/2007/12/01/2008-loan-limits-are-to-remain-the-same/#comment-7495 I can't resist.... Hi Captain Obvious! LOL I can’t resist….

Hi Captain Obvious!

LOL

]]> By: rbueno http://blownmortgage.com/2007/12/01/2008-loan-limits-are-to-remain-the-same/comment-page-1/#comment-7490 rbueno Sun, 02 Dec 2007 12:07:16 +0000 http://blownmortgage.com/2007/12/01/2008-loan-limits-are-to-remain-the-same/#comment-7490 Well Mark, it seems they'll do what's convenient. When Bernanke met with the Joint Economic Committee in early November, they touched on the notion of raising the Loan Limits during their Q&A; I'm sure many individuals would've liked this. But, based on calculation I believe we were in line for a decrease to the loan limits (so your memory serves you well). However with homes depreciating nationally, the OFHEO decided to defer any decrease to the Loan Limit for (1) one year. They issued that statement on October 16th... http://www.ofheo.gov/newsroom.aspx?ID=392&q1=0&q2=0 Well Mark, it seems they’ll do what’s convenient.

When Bernanke met with the Joint Economic Committee in early November, they touched on the notion of raising the Loan Limits during their Q&A; I’m sure many individuals would’ve liked this.

But, based on calculation I believe we were in line for a decrease to the loan limits (so your memory serves you well). However with homes depreciating nationally, the OFHEO decided to defer any decrease to the Loan Limit for (1) one year. They issued that statement on October 16th…
http://www.ofheo.gov/newsroom.aspx?ID=392&q1=0&q2=0

]]> By: Mark http://blownmortgage.com/2007/12/01/2008-loan-limits-are-to-remain-the-same/comment-page-1/#comment-7485 Mark Sun, 02 Dec 2007 05:39:54 +0000 http://blownmortgage.com/2007/12/01/2008-loan-limits-are-to-remain-the-same/#comment-7485 It's funny how they loved adjusting it upwards when prices were rising, but now they hold steady while the bubble bursts. I seem to recall that they're mandated to lower it if this happens, but my memory may not be correct. It’s funny how they loved adjusting it upwards when prices were rising, but now they hold steady while the bubble bursts. I seem to recall that they’re mandated to lower it if this happens, but my memory may not be correct.

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