FHA limit increases

[kev374]

Government sends a clear message, spend beyond your means, take on bigger debt, make merry…

http://www.reuters.com/article/bondsNews/idUSN1431598120071214

God Bless America!

How is raising the limit to $417,000 going to help struggling homeowners? Should people who are struggling EVEN be tied to debt worth HALF A MILLION DOLLARS!! Geebus!

[Raybyrnes]

This seems to just make sense that the limits should be the same. Don’t really see the problem here. What they should also do is attach an inflation rider to the limits that should be reset yearly rather than having to review these during crisis situations.

[kev374]

yeah I see your point, but the point I was trying to show was the ridiculous statement in the article that raising the limit is helping struggling subprime borrowers.

[Raybyrnes]

kev374

“I was trying to show was the ridiculous statement in the article that raising the limit is helping struggling subprime borrowers.”

I can appreciate that. I can also see how many will argue the only solutiuon for a borrower in this situationis to take the foreclosure and walk away.

But when you are in that situation and you are looking at a mortgage payment of 2000 going to 3000 and the government steps in aand says “hold on we are going to help you.” That payment is only going to adjust from 2000 to 2300 and it is going to fixed for the life of the loan even though you are a poor saver and have crap credit. I can see how people in that situation would look favorably on this.

I don’t like it because it is an illusion of wealth. People seem to be OK in that house but their balance sheets clearly demonstrate they are in over their head.

Meanwhile I am stuck waiting the insanity out getting peppered by my friends and parents for not buying.

[(former)FormerSanDiegan]

Meanwhile I am stuck waiting the insanity out getting peppered by my friends and parents for not buying.

Are they still peppering you today ?

[Raybyrnes]

Yup! You see it is still hard for my parents to not look at their situation and apply it to their children today.

Additionally they have the money to give to us. So if we were all spoiled and reliant upon my parents we would all just take the money and spend it.

I tell them I am saving through a 529 plan and their response is that they never used this and they paid for all of our schooling. My response is that if they paid to educate us then wouldn’t they be disappointed if I didn’t learn a thing or 2 that might make things easier in the future.

I came from an Irish family. The donkey is a tough beast to train.

[NotCranky]

“Don’t really see the problem here. What they should also do is attach an inflation rider to the limits that should be reset yearly rather than having to review these during crisis situations.”

I see it differently. They are paving the way to make sure inflation doesn’t stay in the pocket of homedebtors but makes it back up the food chain to to the people who inflated the bubble in the first place. This is all part of the engineered “softer” landing. That ship that is big and hard to turn around. They are working on it.

[kev374]

http://money.cnn.com/2007/12/14/real_estate/congress_mortgage.ap/index.htm?postversion=2007121416

of particular interest:

The Senate bill would also lower the FHA down payment requirement from 3 percent to 1.5 percent,

and

The House would raise the maximum mortgage to $729,750 in high-cost areas

Anyone who the exact income and assets qualifications for FHA loans? If a buyer opts for 1.5% down loan what kind of debt/income ratios are they going to use? Are they going to verify income so that buyers can’t game the system like they have been doing so far?

[temeculaguy]

Has anyone else here had an FHA loan. I had one long ago and perhaps things have changed but I remember it was expensive and difficult to get. The interest rate was slightly higher than the market, the PMI had to be paid in a lump sum and then financed so it never really went away and they were very strict about qualifications, including making the builder jump through hoops at stages during construction. When I sold that house my realtor had a printout advising me that if I sold to an FHA buyer I would net a few thousand less than if sold to a conventional buyer so we would need to accept a higher offer it the buyer had an FHA loan to reach my goal for net proceeds. I still don’t remember why I used them but I think it was because they were liberal about me being young and having such a short credit and employment history, I can’t remember because my adult ADD is acting up but I was about two weeks out of college when I bought my first house and they were the lender of last resort. Ahh, college kids buying houses right out of school and not defaulting on the loan, the good ole days were actually….good.

[NotCranky]

I had an FHA loan because that is what the broker got me :).
Also many moons ago. I had a 5.85 fixed rate because BOA had been Redlining the ghetto I bought in and was forced to give a discount. An FHA inspector gave some superficial look at it. I fixed a few things for him because it was a REPO and no one else was going to do it.I was repairing it while it was still in escrow the appraiser came and I told him it was worth 20% more than I paid for it so I didn’t pay PMI. I moved in and was paying about 60% of market rent. Yes those were the good old days TG. Sold that house for a decent profit to an FHA buyer but told the buyers agent to increase the offer for the added expenses. The house quadrupled in the 8 years after I sold it. Made very nice house cleaning lady relatively wealthy though, so that was good.

[DCRogers]

My sister-in-law just got an FHA loan in rural Michigan… really bad market there, and no-one else was making loans. They were quite picky about all the loan details (being especially careful about tracking down how she got her HELOC paid off so she could refi…)

[DCRogers]

My sister-in-law just got an FHA loan in rural Michigan… really bad market there, and no-one else was making loans. They were quite picky about all the loan details (being especially careful about tracking down how she got her HELOC paid off so she could refi…)

[DCRogers]

My sister-in-law just got an FHA loan in rural Michigan… really bad market there, and no-one else was making loans. They were quite picky about all the loan details (being especially careful about tracking down how she got her HELOC paid off so she could refi…)

[DCRogers]

My sister-in-law just got an FHA loan in rural Michigan… really bad market there, and no-one else was making loans. They were quite picky about all the loan details (being especially careful about tracking down how she got her HELOC paid off so she could refi…)

[DCRogers]

My sister-in-law just got an FHA loan in rural Michigan… really bad market there, and no-one else was making loans. They were quite picky about all the loan details (being especially careful about tracking down how she got her HELOC paid off so she could refi…)

[NotCranky]

I had an FHA loan because that is what the broker got me :).
Also many moons ago. I had a 5.85 fixed rate because BOA had been Redlining the ghetto I bought in and was forced to give a discount. An FHA inspector gave some superficial look at it. I fixed a few things for him because it was a REPO and no one else was going to do it.I was repairing it while it was still in escrow the appraiser came and I told him it was worth 20% more than I paid for it so I didn’t pay PMI. I moved in and was paying about 60% of market rent. Yes those were the good old days TG. Sold that house for a decent profit to an FHA buyer but told the buyers agent to increase the offer for the added expenses. The house quadrupled in the 8 years after I sold it. Made very nice house cleaning lady relatively wealthy though, so that was good.

[NotCranky]

I had an FHA loan because that is what the broker got me :).
Also many moons ago. I had a 5.85 fixed rate because BOA had been Redlining the ghetto I bought in and was forced to give a discount. An FHA inspector gave some superficial look at it. I fixed a few things for him because it was a REPO and no one else was going to do it.I was repairing it while it was still in escrow the appraiser came and I told him it was worth 20% more than I paid for it so I didn’t pay PMI. I moved in and was paying about 60% of market rent. Yes those were the good old days TG. Sold that house for a decent profit to an FHA buyer but told the buyers agent to increase the offer for the added expenses. The house quadrupled in the 8 years after I sold it. Made very nice house cleaning lady relatively wealthy though, so that was good.

[NotCranky]

I had an FHA loan because that is what the broker got me :).
Also many moons ago. I had a 5.85 fixed rate because BOA had been Redlining the ghetto I bought in and was forced to give a discount. An FHA inspector gave some superficial look at it. I fixed a few things for him because it was a REPO and no one else was going to do it.I was repairing it while it was still in escrow the appraiser came and I told him it was worth 20% more than I paid for it so I didn’t pay PMI. I moved in and was paying about 60% of market rent. Yes those were the good old days TG. Sold that house for a decent profit to an FHA buyer but told the buyers agent to increase the offer for the added expenses. The house quadrupled in the 8 years after I sold it. Made very nice house cleaning lady relatively wealthy though, so that was good.

[NotCranky]

I had an FHA loan because that is what the broker got me :).
Also many moons ago. I had a 5.85 fixed rate because BOA had been Redlining the ghetto I bought in and was forced to give a discount. An FHA inspector gave some superficial look at it. I fixed a few things for him because it was a REPO and no one else was going to do it.I was repairing it while it was still in escrow the appraiser came and I told him it was worth 20% more than I paid for it so I didn’t pay PMI. I moved in and was paying about 60% of market rent. Yes those were the good old days TG. Sold that house for a decent profit to an FHA buyer but told the buyers agent to increase the offer for the added expenses. The house quadrupled in the 8 years after I sold it. Made very nice house cleaning lady relatively wealthy though, so that was good.

[temeculaguy]

Has anyone else here had an FHA loan. I had one long ago and perhaps things have changed but I remember it was expensive and difficult to get. The interest rate was slightly higher than the market, the PMI had to be paid in a lump sum and then financed so it never really went away and they were very strict about qualifications, including making the builder jump through hoops at stages during construction. When I sold that house my realtor had a printout advising me that if I sold to an FHA buyer I would net a few thousand less than if sold to a conventional buyer so we would need to accept a higher offer it the buyer had an FHA loan to reach my goal for net proceeds. I still don’t remember why I used them but I think it was because they were liberal about me being young and having such a short credit and employment history, I can’t remember because my adult ADD is acting up but I was about two weeks out of college when I bought my first house and they were the lender of last resort. Ahh, college kids buying houses right out of school and not defaulting on the loan, the good ole days were actually….good.

[temeculaguy]

Has anyone else here had an FHA loan. I had one long ago and perhaps things have changed but I remember it was expensive and difficult to get. The interest rate was slightly higher than the market, the PMI had to be paid in a lump sum and then financed so it never really went away and they were very strict about qualifications, including making the builder jump through hoops at stages during construction. When I sold that house my realtor had a printout advising me that if I sold to an FHA buyer I would net a few thousand less than if sold to a conventional buyer so we would need to accept a higher offer it the buyer had an FHA loan to reach my goal for net proceeds. I still don’t remember why I used them but I think it was because they were liberal about me being young and having such a short credit and employment history, I can’t remember because my adult ADD is acting up but I was about two weeks out of college when I bought my first house and they were the lender of last resort. Ahh, college kids buying houses right out of school and not defaulting on the loan, the good ole days were actually….good.

[temeculaguy]

Has anyone else here had an FHA loan. I had one long ago and perhaps things have changed but I remember it was expensive and difficult to get. The interest rate was slightly higher than the market, the PMI had to be paid in a lump sum and then financed so it never really went away and they were very strict about qualifications, including making the builder jump through hoops at stages during construction. When I sold that house my realtor had a printout advising me that if I sold to an FHA buyer I would net a few thousand less than if sold to a conventional buyer so we would need to accept a higher offer it the buyer had an FHA loan to reach my goal for net proceeds. I still don’t remember why I used them but I think it was because they were liberal about me being young and having such a short credit and employment history, I can’t remember because my adult ADD is acting up but I was about two weeks out of college when I bought my first house and they were the lender of last resort. Ahh, college kids buying houses right out of school and not defaulting on the loan, the good ole days were actually….good.

[temeculaguy]

Has anyone else here had an FHA loan. I had one long ago and perhaps things have changed but I remember it was expensive and difficult to get. The interest rate was slightly higher than the market, the PMI had to be paid in a lump sum and then financed so it never really went away and they were very strict about qualifications, including making the builder jump through hoops at stages during construction. When I sold that house my realtor had a printout advising me that if I sold to an FHA buyer I would net a few thousand less than if sold to a conventional buyer so we would need to accept a higher offer it the buyer had an FHA loan to reach my goal for net proceeds. I still don’t remember why I used them but I think it was because they were liberal about me being young and having such a short credit and employment history, I can’t remember because my adult ADD is acting up but I was about two weeks out of college when I bought my first house and they were the lender of last resort. Ahh, college kids buying houses right out of school and not defaulting on the loan, the good ole days were actually….good.

[patientrenter]

“Are they going to verify income so that buyers can’t game the system like they have been doing so far?”

kev374, you already knew the answer to that question before you asked it. C’mon, own up.

Patient renter in OC

[patientrenter]

“Are they going to verify income so that buyers can’t game the system like they have been doing so far?”

kev374, you already knew the answer to that question before you asked it. C’mon, own up.

Patient renter in OC

[patientrenter]

“Are they going to verify income so that buyers can’t game the system like they have been doing so far?”

kev374, you already knew the answer to that question before you asked it. C’mon, own up.

Patient renter in OC

[patientrenter]

“Are they going to verify income so that buyers can’t game the system like they have been doing so far?”

kev374, you already knew the answer to that question before you asked it. C’mon, own up.

Patient renter in OC

[patientrenter]

“Are they going to verify income so that buyers can’t game the system like they have been doing so far?”

kev374, you already knew the answer to that question before you asked it. C’mon, own up.

Patient renter in OC

[rocket science]

I am with kev374's observation.
The Senate bill would also lower the FHA down payment requirement from 3 percent to 1.5 percent,
What are these people thinking??They are in trouble so let’s give them even more rope to hang themselves with?And I was thinking that this was only a bailout for the mortgage industry until now.
The fact that they are now making it possible for people who have loans they can not afford to
..refinance into federally insured loans.

Means that when they default, we the taxpayer, will likely be footing part of the bill in the future.

I just hope that the poeple who posted that obtaining these loans is not that easy are right.

I think I am going to go throw up.

rs

[rocket science]

I am with kev374's observation.
The Senate bill would also lower the FHA down payment requirement from 3 percent to 1.5 percent,
What are these people thinking??They are in trouble so let’s give them even more rope to hang themselves with?And I was thinking that this was only a bailout for the mortgage industry until now.
The fact that they are now making it possible for people who have loans they can not afford to
..refinance into federally insured loans.

Means that when they default, we the taxpayer, will likely be footing part of the bill in the future.

I just hope that the poeple who posted that obtaining these loans is not that easy are right.

I think I am going to go throw up.

rs

[rocket science]

I am with kev374's observation.
The Senate bill would also lower the FHA down payment requirement from 3 percent to 1.5 percent,
What are these people thinking??They are in trouble so let’s give them even more rope to hang themselves with?And I was thinking that this was only a bailout for the mortgage industry until now.
The fact that they are now making it possible for people who have loans they can not afford to
..refinance into federally insured loans.

Means that when they default, we the taxpayer, will likely be footing part of the bill in the future.

I just hope that the poeple who posted that obtaining these loans is not that easy are right.

I think I am going to go throw up.

rs

[rocket science]

I am with kev374's observation.
The Senate bill would also lower the FHA down payment requirement from 3 percent to 1.5 percent,
What are these people thinking??They are in trouble so let’s give them even more rope to hang themselves with?And I was thinking that this was only a bailout for the mortgage industry until now.
The fact that they are now making it possible for people who have loans they can not afford to
..refinance into federally insured loans.

Means that when they default, we the taxpayer, will likely be footing part of the bill in the future.

I just hope that the poeple who posted that obtaining these loans is not that easy are right.

I think I am going to go throw up.

rs

[rocket science]

I am with kev374's observation.
The Senate bill would also lower the FHA down payment requirement from 3 percent to 1.5 percent,
What are these people thinking??They are in trouble so let’s give them even more rope to hang themselves with?And I was thinking that this was only a bailout for the mortgage industry until now.
The fact that they are now making it possible for people who have loans they can not afford to
..refinance into federally insured loans.

Means that when they default, we the taxpayer, will likely be footing part of the bill in the future.

I just hope that the poeple who posted that obtaining these loans is not that easy are right.

I think I am going to go throw up.

rs

[kev374]

http://money.cnn.com/2007/12/14/real_estate/congress_mortgage.ap/index.htm?postversion=2007121416

of particular interest:

The Senate bill would also lower the FHA down payment requirement from 3 percent to 1.5 percent,

and

The House would raise the maximum mortgage to $729,750 in high-cost areas

Anyone who the exact income and assets qualifications for FHA loans? If a buyer opts for 1.5% down loan what kind of debt/income ratios are they going to use? Are they going to verify income so that buyers can’t game the system like they have been doing so far?

[kev374]

http://money.cnn.com/2007/12/14/real_estate/congress_mortgage.ap/index.htm?postversion=2007121416

of particular interest:

The Senate bill would also lower the FHA down payment requirement from 3 percent to 1.5 percent,

and

The House would raise the maximum mortgage to $729,750 in high-cost areas

Anyone who the exact income and assets qualifications for FHA loans? If a buyer opts for 1.5% down loan what kind of debt/income ratios are they going to use? Are they going to verify income so that buyers can’t game the system like they have been doing so far?

[kev374]

http://money.cnn.com/2007/12/14/real_estate/congress_mortgage.ap/index.htm?postversion=2007121416

of particular interest:

The Senate bill would also lower the FHA down payment requirement from 3 percent to 1.5 percent,

and

The House would raise the maximum mortgage to $729,750 in high-cost areas

Anyone who the exact income and assets qualifications for FHA loans? If a buyer opts for 1.5% down loan what kind of debt/income ratios are they going to use? Are they going to verify income so that buyers can’t game the system like they have been doing so far?

[kev374]

http://money.cnn.com/2007/12/14/real_estate/congress_mortgage.ap/index.htm?postversion=2007121416

of particular interest:

The Senate bill would also lower the FHA down payment requirement from 3 percent to 1.5 percent,

and

The House would raise the maximum mortgage to $729,750 in high-cost areas

Anyone who the exact income and assets qualifications for FHA loans? If a buyer opts for 1.5% down loan what kind of debt/income ratios are they going to use? Are they going to verify income so that buyers can’t game the system like they have been doing so far?

[NotCranky]

“Don’t really see the problem here. What they should also do is attach an inflation rider to the limits that should be reset yearly rather than having to review these during crisis situations.”

I see it differently. They are paving the way to make sure inflation doesn’t stay in the pocket of homedebtors but makes it back up the food chain to to the people who inflated the bubble in the first place. This is all part of the engineered “softer” landing. That ship that is big and hard to turn around. They are working on it.

[NotCranky]

“Don’t really see the problem here. What they should also do is attach an inflation rider to the limits that should be reset yearly rather than having to review these during crisis situations.”

I see it differently. They are paving the way to make sure inflation doesn’t stay in the pocket of homedebtors but makes it back up the food chain to to the people who inflated the bubble in the first place. This is all part of the engineered “softer” landing. That ship that is big and hard to turn around. They are working on it.

[NotCranky]

“Don’t really see the problem here. What they should also do is attach an inflation rider to the limits that should be reset yearly rather than having to review these during crisis situations.”

I see it differently. They are paving the way to make sure inflation doesn’t stay in the pocket of homedebtors but makes it back up the food chain to to the people who inflated the bubble in the first place. This is all part of the engineered “softer” landing. That ship that is big and hard to turn around. They are working on it.

[NotCranky]

“Don’t really see the problem here. What they should also do is attach an inflation rider to the limits that should be reset yearly rather than having to review these during crisis situations.”

I see it differently. They are paving the way to make sure inflation doesn’t stay in the pocket of homedebtors but makes it back up the food chain to to the people who inflated the bubble in the first place. This is all part of the engineered “softer” landing. That ship that is big and hard to turn around. They are working on it.

[Raybyrnes]

Yup! You see it is still hard for my parents to not look at their situation and apply it to their children today.

Additionally they have the money to give to us. So if we were all spoiled and reliant upon my parents we would all just take the money and spend it.

I tell them I am saving through a 529 plan and their response is that they never used this and they paid for all of our schooling. My response is that if they paid to educate us then wouldn’t they be disappointed if I didn’t learn a thing or 2 that might make things easier in the future.

I came from an Irish family. The donkey is a tough beast to train.

[Raybyrnes]

Yup! You see it is still hard for my parents to not look at their situation and apply it to their children today.

Additionally they have the money to give to us. So if we were all spoiled and reliant upon my parents we would all just take the money and spend it.

I tell them I am saving through a 529 plan and their response is that they never used this and they paid for all of our schooling. My response is that if they paid to educate us then wouldn’t they be disappointed if I didn’t learn a thing or 2 that might make things easier in the future.

I came from an Irish family. The donkey is a tough beast to train.

[Raybyrnes]

Yup! You see it is still hard for my parents to not look at their situation and apply it to their children today.

Additionally they have the money to give to us. So if we were all spoiled and reliant upon my parents we would all just take the money and spend it.

I tell them I am saving through a 529 plan and their response is that they never used this and they paid for all of our schooling. My response is that if they paid to educate us then wouldn’t they be disappointed if I didn’t learn a thing or 2 that might make things easier in the future.

I came from an Irish family. The donkey is a tough beast to train.

[Raybyrnes]

Yup! You see it is still hard for my parents to not look at their situation and apply it to their children today.

Additionally they have the money to give to us. So if we were all spoiled and reliant upon my parents we would all just take the money and spend it.

I tell them I am saving through a 529 plan and their response is that they never used this and they paid for all of our schooling. My response is that if they paid to educate us then wouldn’t they be disappointed if I didn’t learn a thing or 2 that might make things easier in the future.

I came from an Irish family. The donkey is a tough beast to train.

[(former)FormerSanDiegan]

Meanwhile I am stuck waiting the insanity out getting peppered by my friends and parents for not buying.

Are they still peppering you today ?

[(former)FormerSanDiegan]

Meanwhile I am stuck waiting the insanity out getting peppered by my friends and parents for not buying.

Are they still peppering you today ?

[(former)FormerSanDiegan]

Meanwhile I am stuck waiting the insanity out getting peppered by my friends and parents for not buying.

Are they still peppering you today ?

[(former)FormerSanDiegan]

Meanwhile I am stuck waiting the insanity out getting peppered by my friends and parents for not buying.

Are they still peppering you today ?

[Raybyrnes]

kev374

“I was trying to show was the ridiculous statement in the article that raising the limit is helping struggling subprime borrowers.”

I can appreciate that. I can also see how many will argue the only solutiuon for a borrower in this situationis to take the foreclosure and walk away.

But when you are in that situation and you are looking at a mortgage payment of 2000 going to 3000 and the government steps in aand says “hold on we are going to help you.” That payment is only going to adjust from 2000 to 2300 and it is going to fixed for the life of the loan even though you are a poor saver and have crap credit. I can see how people in that situation would look favorably on this.

I don’t like it because it is an illusion of wealth. People seem to be OK in that house but their balance sheets clearly demonstrate they are in over their head.

Meanwhile I am stuck waiting the insanity out getting peppered by my friends and parents for not buying.

[Raybyrnes]

kev374

“I was trying to show was the ridiculous statement in the article that raising the limit is helping struggling subprime borrowers.”

I can appreciate that. I can also see how many will argue the only solutiuon for a borrower in this situationis to take the foreclosure and walk away.

But when you are in that situation and you are looking at a mortgage payment of 2000 going to 3000 and the government steps in aand says “hold on we are going to help you.” That payment is only going to adjust from 2000 to 2300 and it is going to fixed for the life of the loan even though you are a poor saver and have crap credit. I can see how people in that situation would look favorably on this.

I don’t like it because it is an illusion of wealth. People seem to be OK in that house but their balance sheets clearly demonstrate they are in over their head.

Meanwhile I am stuck waiting the insanity out getting peppered by my friends and parents for not buying.

[Raybyrnes]

kev374

“I was trying to show was the ridiculous statement in the article that raising the limit is helping struggling subprime borrowers.”

I can appreciate that. I can also see how many will argue the only solutiuon for a borrower in this situationis to take the foreclosure and walk away.

But when you are in that situation and you are looking at a mortgage payment of 2000 going to 3000 and the government steps in aand says “hold on we are going to help you.” That payment is only going to adjust from 2000 to 2300 and it is going to fixed for the life of the loan even though you are a poor saver and have crap credit. I can see how people in that situation would look favorably on this.

I don’t like it because it is an illusion of wealth. People seem to be OK in that house but their balance sheets clearly demonstrate they are in over their head.

Meanwhile I am stuck waiting the insanity out getting peppered by my friends and parents for not buying.

[Raybyrnes]

kev374

“I was trying to show was the ridiculous statement in the article that raising the limit is helping struggling subprime borrowers.”

I can appreciate that. I can also see how many will argue the only solutiuon for a borrower in this situationis to take the foreclosure and walk away.

But when you are in that situation and you are looking at a mortgage payment of 2000 going to 3000 and the government steps in aand says “hold on we are going to help you.” That payment is only going to adjust from 2000 to 2300 and it is going to fixed for the life of the loan even though you are a poor saver and have crap credit. I can see how people in that situation would look favorably on this.

I don’t like it because it is an illusion of wealth. People seem to be OK in that house but their balance sheets clearly demonstrate they are in over their head.

Meanwhile I am stuck waiting the insanity out getting peppered by my friends and parents for not buying.

[kev374]

yeah I see your point, but the point I was trying to show was the ridiculous statement in the article that raising the limit is helping struggling subprime borrowers.

[kev374]

yeah I see your point, but the point I was trying to show was the ridiculous statement in the article that raising the limit is helping struggling subprime borrowers.

[kev374]

yeah I see your point, but the point I was trying to show was the ridiculous statement in the article that raising the limit is helping struggling subprime borrowers.

[kev374]

yeah I see your point, but the point I was trying to show was the ridiculous statement in the article that raising the limit is helping struggling subprime borrowers.

[Raybyrnes]

This seems to just make sense that the limits should be the same. Don’t really see the problem here. What they should also do is attach an inflation rider to the limits that should be reset yearly rather than having to review these during crisis situations.

[Raybyrnes]

This seems to just make sense that the limits should be the same. Don’t really see the problem here. What they should also do is attach an inflation rider to the limits that should be reset yearly rather than having to review these during crisis situations.

[Raybyrnes]

This seems to just make sense that the limits should be the same. Don’t really see the problem here. What they should also do is attach an inflation rider to the limits that should be reset yearly rather than having to review these during crisis situations.

[Raybyrnes]

This seems to just make sense that the limits should be the same. Don’t really see the problem here. What they should also do is attach an inflation rider to the limits that should be reset yearly rather than having to review these during crisis situations.

[Author]

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