Conforming limit to $700,000?

[Coronita]

Let's see….

Didn't someone recently make a comment about nationalization of housing?

If anyone thinks this is a good thing then I would heartily disagree. Those who keep thinking that nothing can be done to stop the depreciation cycle may be correct. Yet moves like this, political incentivization programs and the likes will indeed drag the cycle out a heck of alot longer.

Death by a thousand arrows guys.

*******

Like others, this would help me bigtime. The better rate I can get and lower payment I can get, all the better. I would take it in a minute. Yet to think that this is not anything but further subsidization of the market by our government is foolish. So basically in a roundabout manner, your taxes insure more and more crap and higher limits! Hooray!

 

I might have come across the wrong way on my previous post…..Frankly, I don't think this would be the "right" thing do or a "good" thing to do on a global scale. But frankly, seeing how things are going, I don't foresee our government doing the right thing on anything for a long long time… So  to reiterate, from a selfish perspective, it would be a "good/welcome" thing for my particular situation, as anything that helps me would be welcome. Yes, it's stinks for younger generations, and one can only hope that one day we(the nation) will wake up and realize we're a nation in deep debt.

The most frustrating aspect is I see handouts left and right…possibly for irresponsible people….. at my expense. Government encouraging arm holding arm rests, this rebate check refund, increased war spending, and so on so on. And now folks like Pelosi want to add even "more taxes" for "rich". Really rich people don't get hit with taxes. Wage slaves that make slightly above what government thinks as "middle class" but nevertheless actually have to work, pay the most taxes. So at this point, any break would be well received from a selfish perspective.  I know our tax bills are going to go up significantly post 2008. Not that I even mind paying higher taxes if it was actually going towards productive solutions…But I'm sick of the government playing robin hood.

 

 

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[pencilneck]

The Pandora’s Box of the housing correction has been opened, and once released I don’t think it will be easy to stuff the very rapidly expanding negative sentiment back in.

If they had raised the conforming limit 2 years ago they could have kept the bubble alive a bit longer (and the eventual outcome even worse).

[pencilneck]

The Pandora’s Box of the housing correction has been opened, and once released I don’t think it will be easy to stuff the very rapidly expanding negative sentiment back in.

If they had raised the conforming limit 2 years ago they could have kept the bubble alive a bit longer (and the eventual outcome even worse).

[pencilneck]

The Pandora’s Box of the housing correction has been opened, and once released I don’t think it will be easy to stuff the very rapidly expanding negative sentiment back in.

If they had raised the conforming limit 2 years ago they could have kept the bubble alive a bit longer (and the eventual outcome even worse).

[pencilneck]

The Pandora’s Box of the housing correction has been opened, and once released I don’t think it will be easy to stuff the very rapidly expanding negative sentiment back in.

If they had raised the conforming limit 2 years ago they could have kept the bubble alive a bit longer (and the eventual outcome even worse).

[pencilneck]

The Pandora’s Box of the housing correction has been opened, and once released I don’t think it will be easy to stuff the very rapidly expanding negative sentiment back in.

If they had raised the conforming limit 2 years ago they could have kept the bubble alive a bit longer (and the eventual outcome even worse).

[HereWeGo]

Fannie and Freddie can only lend so much. How much additional paper will the debt markets absorb, especially given that the mix just added mortgages that were difficult to move in the non-GSE market? Will debt buyers pull back on purchases, demanding a higher premium?

This move could actually exacerbate the mortgage crisis.

[HereWeGo]

Fannie and Freddie can only lend so much. How much additional paper will the debt markets absorb, especially given that the mix just added mortgages that were difficult to move in the non-GSE market? Will debt buyers pull back on purchases, demanding a higher premium?

This move could actually exacerbate the mortgage crisis.

[HereWeGo]

Fannie and Freddie can only lend so much. How much additional paper will the debt markets absorb, especially given that the mix just added mortgages that were difficult to move in the non-GSE market? Will debt buyers pull back on purchases, demanding a higher premium?

This move could actually exacerbate the mortgage crisis.

[HereWeGo]

Fannie and Freddie can only lend so much. How much additional paper will the debt markets absorb, especially given that the mix just added mortgages that were difficult to move in the non-GSE market? Will debt buyers pull back on purchases, demanding a higher premium?

This move could actually exacerbate the mortgage crisis.

[HereWeGo]

Fannie and Freddie can only lend so much. How much additional paper will the debt markets absorb, especially given that the mix just added mortgages that were difficult to move in the non-GSE market? Will debt buyers pull back on purchases, demanding a higher premium?

This move could actually exacerbate the mortgage crisis.

[kev374]

I believe stated income is not allowed with Freddie Mac/Fannie Mae. In which case, what percentage of new buyers actually have the $150,000+/yr income to buy these $600,000 jumbo loans?

[kev374]

I believe stated income is not allowed with Freddie Mac/Fannie Mae. In which case, what percentage of new buyers actually have the $150,000+/yr income to buy these $600,000 jumbo loans?

[kev374]

I believe stated income is not allowed with Freddie Mac/Fannie Mae. In which case, what percentage of new buyers actually have the $150,000+/yr income to buy these $600,000 jumbo loans?

[kev374]

I believe stated income is not allowed with Freddie Mac/Fannie Mae. In which case, what percentage of new buyers actually have the $150,000+/yr income to buy these $600,000 jumbo loans?

[Author]

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