FNM/FRE to discontinue jumbo-conforming

[waitingpatiently]

So with this news what is this going to do to higher end homes (Fairbanks Ranch, RSF, Crosby’s)? Or do these homes get paid for with cash?

[HereWeGo]

What’s up with the spread between 30-year mortgages and the 10-year? Are foreign central banks starting to doubt the US promise to back Freddie and Fannie debt? Or is it simply that those banks intend to stimulate their domestic economies instead of parking money in Agencies?

[HereWeGo]

What’s up with the spread between 30-year mortgages and the 10-year? Are foreign central banks starting to doubt the US promise to back Freddie and Fannie debt? Or is it simply that those banks intend to stimulate their domestic economies instead of parking money in Agencies?

[HereWeGo]

What’s up with the spread between 30-year mortgages and the 10-year? Are foreign central banks starting to doubt the US promise to back Freddie and Fannie debt? Or is it simply that those banks intend to stimulate their domestic economies instead of parking money in Agencies?

[HereWeGo]

What’s up with the spread between 30-year mortgages and the 10-year? Are foreign central banks starting to doubt the US promise to back Freddie and Fannie debt? Or is it simply that those banks intend to stimulate their domestic economies instead of parking money in Agencies?

[HereWeGo]

What’s up with the spread between 30-year mortgages and the 10-year? Are foreign central banks starting to doubt the US promise to back Freddie and Fannie debt? Or is it simply that those banks intend to stimulate their domestic economies instead of parking money in Agencies?

[Eugene]

[quote]What’s up with the spread between 30-year mortgages and the 10-year? Are foreign central banks starting to doubt the US promise to back Freddie and Fannie debt?[/quote]

That’s because the US never really gave any explicit promises to back Freddie and Fannie debt.

[Eugene]

[quote]What’s up with the spread between 30-year mortgages and the 10-year? Are foreign central banks starting to doubt the US promise to back Freddie and Fannie debt?[/quote]

That’s because the US never really gave any explicit promises to back Freddie and Fannie debt.

[Eugene]

[quote]What’s up with the spread between 30-year mortgages and the 10-year? Are foreign central banks starting to doubt the US promise to back Freddie and Fannie debt?[/quote]

That’s because the US never really gave any explicit promises to back Freddie and Fannie debt.

[Eugene]

[quote]What’s up with the spread between 30-year mortgages and the 10-year? Are foreign central banks starting to doubt the US promise to back Freddie and Fannie debt?[/quote]

That’s because the US never really gave any explicit promises to back Freddie and Fannie debt.

[Eugene]

[quote]What’s up with the spread between 30-year mortgages and the 10-year? Are foreign central banks starting to doubt the US promise to back Freddie and Fannie debt?[/quote]

That’s because the US never really gave any explicit promises to back Freddie and Fannie debt.

[ucodegen]

I hope this is true and I hope 20% down payments become mandatory.

Hear hear.. and across the board too.. for all loans. One of the worst things that happened to low-income homebuyers was the Community Revitalization Act 1977 (and subsequent amendments/revisions). Before this act, most houses (median) were priced at about 3x gross income (median). Afterwords the ratio shot up. The result is that people (particularly low-income) pay a greater percentage of their income to cover ‘renting their own house‘ than any other expense. The secondary result is that discretionary income drops as well as the ability to save.

[ucodegen]

I hope this is true and I hope 20% down payments become mandatory.

Hear hear.. and across the board too.. for all loans. One of the worst things that happened to low-income homebuyers was the Community Revitalization Act 1977 (and subsequent amendments/revisions). Before this act, most houses (median) were priced at about 3x gross income (median). Afterwords the ratio shot up. The result is that people (particularly low-income) pay a greater percentage of their income to cover ‘renting their own house‘ than any other expense. The secondary result is that discretionary income drops as well as the ability to save.

[ucodegen]

I hope this is true and I hope 20% down payments become mandatory.

Hear hear.. and across the board too.. for all loans. One of the worst things that happened to low-income homebuyers was the Community Revitalization Act 1977 (and subsequent amendments/revisions). Before this act, most houses (median) were priced at about 3x gross income (median). Afterwords the ratio shot up. The result is that people (particularly low-income) pay a greater percentage of their income to cover ‘renting their own house‘ than any other expense. The secondary result is that discretionary income drops as well as the ability to save.

[ucodegen]

I hope this is true and I hope 20% down payments become mandatory.

Hear hear.. and across the board too.. for all loans. One of the worst things that happened to low-income homebuyers was the Community Revitalization Act 1977 (and subsequent amendments/revisions). Before this act, most houses (median) were priced at about 3x gross income (median). Afterwords the ratio shot up. The result is that people (particularly low-income) pay a greater percentage of their income to cover ‘renting their own house‘ than any other expense. The secondary result is that discretionary income drops as well as the ability to save.

[Author]

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