“It just sounds like free money to everyone again. It doesn’t say they’re raising the Jumbo limit strictly for those already in homes, excluding new buyers. That would be beyond stupid. They want more people on the hook.”
It’s is beyond stupid but haven’t you seen the pattern yet with our gubermint? They’re not doing this for the new homebuyers but to save all the bad decision making done by people that will be foreclosed, it’ll benefit them the most since no lender will touch these people with a 30 ft pole.
This is bad news, the liars, hucksters, and thieves were being weeded out from April 07 til now, but this might have them stampede right back into this business,heh, lucky me.
