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  • December 17, 2007 at 11:04 AM #11239
    kev374
    Participant

    Well, recently I was told by a mortgage broker that prices will not decline because:

    FHA limits will be increasing shortly to accomodate upto $650k loans.

    FHA loans are very easy to get since they are not score driven and will qualify even credit shot borrowers, they just need an explanation letter which is very easy to fabricate

    FHA downpayment is decreasing to 1.5% meaning buying mania will start again. Borrowers can get in close to zero down.

    Since FHA payouts on delinquent loans is taxpayer funded losses are inconsequential.

    December 17, 2007 at 3:22 PM #119176
    (former)FormerSanDiegan
    Participant

    Well, recently I told by a mortgage broker that there IS as Santa Claus.

    December 17, 2007 at 3:22 PM #119406
    (former)FormerSanDiegan
    Participant

    Well, recently I told by a mortgage broker that there IS as Santa Claus.

    December 17, 2007 at 3:22 PM #119310
    (former)FormerSanDiegan
    Participant

    Well, recently I told by a mortgage broker that there IS as Santa Claus.

    December 17, 2007 at 3:22 PM #119384
    (former)FormerSanDiegan
    Participant

    Well, recently I told by a mortgage broker that there IS as Santa Claus.

    December 17, 2007 at 3:22 PM #119342
    (former)FormerSanDiegan
    Participant

    Well, recently I told by a mortgage broker that there IS as Santa Claus.

    December 17, 2007 at 3:36 PM #119411
    nostradamus
    Participant

    The only thing that will keep housing prices stable is a 300% salary increase.

    December 17, 2007 at 3:36 PM #119389
    nostradamus
    Participant

    The only thing that will keep housing prices stable is a 300% salary increase.

    December 17, 2007 at 3:36 PM #119346
    nostradamus
    Participant

    The only thing that will keep housing prices stable is a 300% salary increase.

    December 17, 2007 at 3:36 PM #119315
    nostradamus
    Participant

    The only thing that will keep housing prices stable is a 300% salary increase.

    December 17, 2007 at 3:36 PM #119181
    nostradamus
    Participant

    The only thing that will keep housing prices stable is a 300% salary increase.

    December 17, 2007 at 3:55 PM #119320
    (former)FormerSanDiegan
    Participant

    The only thing that will keep housing prices stable is a 300% salary increase.

    I’m thinking something more like 20% would do the job.

    December 17, 2007 at 3:55 PM #119352
    (former)FormerSanDiegan
    Participant

    The only thing that will keep housing prices stable is a 300% salary increase.

    I’m thinking something more like 20% would do the job.

    December 17, 2007 at 3:55 PM #119186
    (former)FormerSanDiegan
    Participant

    The only thing that will keep housing prices stable is a 300% salary increase.

    I’m thinking something more like 20% would do the job.

    December 17, 2007 at 3:55 PM #119416
    (former)FormerSanDiegan
    Participant

    The only thing that will keep housing prices stable is a 300% salary increase.

    I’m thinking something more like 20% would do the job.

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