You are going to see more hits and fees over 417K unless they overhaul these guidelines also….it is day to day with these idiots.
As far as I am concerned they should have NEVER raised the conforming loan limits beyond 417K because they are to be determined by median home value not overinflated asset prices. They should ACTUALLY be lowering the limits to adjust to current median home prices…..
It was ass backwards and a violation of their own metrics when they pumped it to the high 600’s awhile back but they had to do that because the secondary market went bye bye and the TAXPAYER was the only one left to keep the market liquid and buy the loans from banks…GSE’s Government Sucking Entities
