Comments on: New conforming limits – what will it do to jumbo loan rates? http://blownmortgage.com/2008/02/12/new-conforming-limits-what-will-it-do-to-jumbo-loan-rates/ #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: Understanding Key to FHA Modernization and Economic Stimulus Bill Opportunities : http://blownmortgage.com/2008/02/12/new-conforming-limits-what-will-it-do-to-jumbo-loan-rates/comment-page-1/#comment-10150 Understanding Key to FHA Modernization and Economic Stimulus Bill Opportunities : Tue, 04 Mar 2008 13:23:24 +0000 http://blownmortgage.com/2008/02/12/new-conforming-limits-what-will-it-do-to-jumbo-loan-rates/#comment-10150 [...] Discussion on the potential jumbo rate impact of higher loan limits [...] [...] Discussion on the potential jumbo rate impact of higher loan limits [...]

]]> By: RHZ http://blownmortgage.com/2008/02/12/new-conforming-limits-what-will-it-do-to-jumbo-loan-rates/comment-page-1/#comment-10127 RHZ Mon, 03 Mar 2008 19:35:56 +0000 http://blownmortgage.com/2008/02/12/new-conforming-limits-what-will-it-do-to-jumbo-loan-rates/#comment-10127 Great discussion. Anyone know when specifically the resized conforming will be available? How about what the anticipated 125% of Chicago, IL would be? TIA Great discussion. Anyone know when specifically the resized conforming will be available? How about what the anticipated 125% of Chicago, IL would be?

TIA

]]> By: Crystal http://blownmortgage.com/2008/02/12/new-conforming-limits-what-will-it-do-to-jumbo-loan-rates/comment-page-1/#comment-10108 Crystal Sun, 02 Mar 2008 02:23:07 +0000 http://blownmortgage.com/2008/02/12/new-conforming-limits-what-will-it-do-to-jumbo-loan-rates/#comment-10108 The mortgage 2/28 have been refinanced in the last 15 years of my career, except the last 3 years, why, it is not the lenders in my opinion, if you look back over the years, this is the first time the adjustables came do and the value at the same time nationwide decreased, whereas, the ltv is over 100%. what are folks to do, bring cash in and pray for the market to increase. think about, we always refinanced these loans, we had equity!!! your thoughts email me back if you know of anything else, unemployment is higher. just fyi The mortgage 2/28 have been refinanced in the last 15 years of my career, except the last 3 years, why, it is not the lenders in my opinion, if you look back over the years, this is the first time the adjustables came do and the value at the same time nationwide decreased, whereas, the ltv is over 100%. what are folks to do, bring cash in and pray for the market to increase.

think about, we always refinanced these loans, we had equity!!! your thoughts email me back if you know of anything else, unemployment is higher. just fyi

]]> By: Chris Chacon http://blownmortgage.com/2008/02/12/new-conforming-limits-what-will-it-do-to-jumbo-loan-rates/comment-page-1/#comment-10000 Chris Chacon Tue, 26 Feb 2008 23:27:44 +0000 http://blownmortgage.com/2008/02/12/new-conforming-limits-what-will-it-do-to-jumbo-loan-rates/#comment-10000 Who will price, service, and sell the loans. That is the bottom line right now. After two rates reductions, we are at square one-December "pricing." We are talking about more risk introduced into the market. If I remember correctly, and please correct me if I am wrong, we are not going to see better priced "rates" for a while. So, hang on for round two! CC Who will price, service, and sell the loans. That is the bottom line right now. After two rates reductions, we are at square one-December “pricing.” We are talking about more risk introduced into the market. If I remember correctly, and please correct me if I am wrong, we are not going to see better priced “rates” for a while. So, hang on for round two!

CC

]]> By: Understanding Key to FHA Modernization and Economic Stimulus Bill Opportunities : Lead Marketwatch http://blownmortgage.com/2008/02/12/new-conforming-limits-what-will-it-do-to-jumbo-loan-rates/comment-page-1/#comment-9977 Understanding Key to FHA Modernization and Economic Stimulus Bill Opportunities : Lead Marketwatch Mon, 25 Feb 2008 16:03:14 +0000 http://blownmortgage.com/2008/02/12/new-conforming-limits-what-will-it-do-to-jumbo-loan-rates/#comment-9977 [...] Discussion on the potential jumbo rate impact of higher loan limits [...] [...] Discussion on the potential jumbo rate impact of higher loan limits [...]

]]> By: FAQs about FHA Modernization and the Stimulus Bill http://blownmortgage.com/2008/02/12/new-conforming-limits-what-will-it-do-to-jumbo-loan-rates/comment-page-1/#comment-9965 FAQs about FHA Modernization and the Stimulus Bill Sun, 24 Feb 2008 20:57:55 +0000 http://blownmortgage.com/2008/02/12/new-conforming-limits-what-will-it-do-to-jumbo-loan-rates/#comment-9965 [...] passed.  With all of the confusion around the changes proposed to FHA loan limits as well as the new conforming loan limits that will be in effect as a result of the stimulus package.  FAQ Regarding FHA Modernization Q- [...] [...] passed.  With all of the confusion around the changes proposed to FHA loan limits as well as the new conforming loan limits that will be in effect as a result of the stimulus package.  FAQ Regarding FHA Modernization Q- [...]

]]> By: Morgan http://blownmortgage.com/2008/02/12/new-conforming-limits-what-will-it-do-to-jumbo-loan-rates/comment-page-1/#comment-9855 Morgan Mon, 18 Feb 2008 02:15:59 +0000 http://blownmortgage.com/2008/02/12/new-conforming-limits-what-will-it-do-to-jumbo-loan-rates/#comment-9855 Vulture » I agree - lower prices are a major improvement. I think there is nothing better than better affordability. Thanks for the comment. Vulture » I agree – lower prices are a major improvement. I think there is nothing better than better affordability. Thanks for the comment.

]]> By: Morgan http://blownmortgage.com/2008/02/12/new-conforming-limits-what-will-it-do-to-jumbo-loan-rates/comment-page-1/#comment-9854 Morgan Mon, 18 Feb 2008 02:15:27 +0000 http://blownmortgage.com/2008/02/12/new-conforming-limits-what-will-it-do-to-jumbo-loan-rates/#comment-9854 Matt Carter » Great points matt. The changes aren't going to cover loan sizes much larger than now. Your post on the subject is excellent. Matt Carter » Great points matt. The changes aren’t going to cover loan sizes much larger than now. Your post on the subject is excellent.

]]> By: Matt Carter http://blownmortgage.com/2008/02/12/new-conforming-limits-what-will-it-do-to-jumbo-loan-rates/comment-page-1/#comment-9781 Matt Carter Thu, 14 Feb 2008 21:15:22 +0000 http://blownmortgage.com/2008/02/12/new-conforming-limits-what-will-it-do-to-jumbo-loan-rates/#comment-9781 Great discussion of the issues that could affect the rates on these loans in the SunTrust memo. One thing to keep in mind is that median sales prices are declining in the markets that could see an increase in the conforming loan limit. The SuntTrust memo uses third quarter median price numbers from NAR. I've run them with preliminary fourth quarter numbers and the projected increases are much smaller in several markets that have seen price declines of more than 10 percent since then. The conforming loan limit wouldn't go up at all in Sacramento. Who knows what they will look like when HUD publishes them. http://blog.inman.com/inmanblog/2008/02/houston-we-have.html Great discussion of the issues that could affect the rates on these loans in the SunTrust memo.

One thing to keep in mind is that median sales prices are declining in the markets that could see an increase in the conforming loan limit. The SuntTrust memo uses third quarter median price numbers from NAR. I’ve run them with preliminary fourth quarter numbers and the projected increases are much smaller in several markets that have seen price declines of more than 10 percent since then. The conforming loan limit wouldn’t go up at all in Sacramento. Who knows what they will look like when HUD publishes them.

http://blog.inman.com/inmanblog/2008/02/houston-we-have.html

]]> By: Vulture http://blownmortgage.com/2008/02/12/new-conforming-limits-what-will-it-do-to-jumbo-loan-rates/comment-page-1/#comment-9779 Vulture Thu, 14 Feb 2008 18:49:30 +0000 http://blownmortgage.com/2008/02/12/new-conforming-limits-what-will-it-do-to-jumbo-loan-rates/#comment-9779 "The bottom line - Mr. Reed only sees price improvements if Fannie Mae and Freddie Mac..." ----------------------- Is a price "improvement" an increase in price, or a decrease in price? To many home shoppers, a price improvement is a decrease in price. It's amusing the inherent bias in so many housing articles, apparently written by people who already own a home, and want to protect their "equity." Further, a "Housing Crisis" is paying $600,000 for a piece of junk 3 bedroom Cape Cod. This Housing Correction is a welcome thing. “The bottom line – Mr. Reed only sees price improvements if Fannie Mae and Freddie Mac…”

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Is a price “improvement” an increase in price, or a decrease in price? To many home shoppers, a price improvement is a decrease in price.

It’s amusing the inherent bias in so many housing articles, apparently written by people who already own a home, and want to protect their “equity.”

Further, a “Housing Crisis” is paying $600,000 for a piece of junk 3 bedroom Cape Cod. This Housing Correction is a welcome thing.

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