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Home › Forums › Housing › Conforming limit to $700,000? › Without stated income,

January 25, 2008 at 10:11 AM #142987
kev374
Participant

Without stated income, Interest only and NegAm products this increase in the cap is totally meaningless.

The only reason people could afford these houses was because of the exotic financing and FHA doesn’t do that.

This deck of cards is coming down and no matter what anyone does it WILL come down.