GSE limits slated to drop (PLUS bonus question for mortgage experts)

[Rich Toscano]

In the NYT:

http://www.nytimes.com/2011/05/11/business/11housing.html

For SD, the drop is from roughly $700k to $550k. Seems like there could be a big impact for homes in the $600-900k range.

edit

As linked in my comment below, Jim K points out that the change in payment isn’t that big. However, I was thinking more along the lines of underwriting… isn’t it harder to get jumbos, including bigger required down payments? Can any mortgage experts weigh in on that? thanks!

[bearishgurl]

We have been discussing this article today on the Wanna be a Knife Catcher? Buy Now! thread.

edit: Here’s some comments about the article from across the nation.

http://community.nytimes.com/comments/www.nytimes.com/2011/05/11/business/11housing.html

[bearishgurl]

We have been discussing this article today on the Wanna be a Knife Catcher? Buy Now! thread.

edit: Here’s some comments about the article from across the nation.

http://community.nytimes.com/comments/www.nytimes.com/2011/05/11/business/11housing.html

[bearishgurl]

We have been discussing this article today on the Wanna be a Knife Catcher? Buy Now! thread.

edit: Here’s some comments about the article from across the nation.

http://community.nytimes.com/comments/www.nytimes.com/2011/05/11/business/11housing.html

[bearishgurl]

We have been discussing this article today on the Wanna be a Knife Catcher? Buy Now! thread.

edit: Here’s some comments about the article from across the nation.

http://community.nytimes.com/comments/www.nytimes.com/2011/05/11/business/11housing.html

[bearishgurl]

We have been discussing this article today on the Wanna be a Knife Catcher? Buy Now! thread.

edit: Here’s some comments about the article from across the nation.

http://community.nytimes.com/comments/www.nytimes.com/2011/05/11/business/11housing.html

[briansd1]

I see this as a healthy development.

I believe the bailouts programs were necessary to keep growth on track.

Economic growth has resumed notwithstanding the housing downturn, proving that the government was able to engineer a decoupling of the housing sector from the general economy.

The economy is growing despite housing. It’s now time to pull back housing support.

That also fits into my assertion that the higher end houses have some deflation/stagnation ahead. At the very least, there will be more selection.

I believe that there’s a generational shift at play also. It seems to me that younger folks are turning away from McMansions and opting for smaller spaces closer to the urban core. In 20 years, we’ll see if I’m correct.

[briansd1]

I see this as a healthy development.

I believe the bailouts programs were necessary to keep growth on track.

Economic growth has resumed notwithstanding the housing downturn, proving that the government was able to engineer a decoupling of the housing sector from the general economy.

The economy is growing despite housing. It’s now time to pull back housing support.

That also fits into my assertion that the higher end houses have some deflation/stagnation ahead. At the very least, there will be more selection.

I believe that there’s a generational shift at play also. It seems to me that younger folks are turning away from McMansions and opting for smaller spaces closer to the urban core. In 20 years, we’ll see if I’m correct.

[briansd1]

I see this as a healthy development.

I believe the bailouts programs were necessary to keep growth on track.

Economic growth has resumed notwithstanding the housing downturn, proving that the government was able to engineer a decoupling of the housing sector from the general economy.

The economy is growing despite housing. It’s now time to pull back housing support.

That also fits into my assertion that the higher end houses have some deflation/stagnation ahead. At the very least, there will be more selection.

I believe that there’s a generational shift at play also. It seems to me that younger folks are turning away from McMansions and opting for smaller spaces closer to the urban core. In 20 years, we’ll see if I’m correct.

[briansd1]

I see this as a healthy development.

I believe the bailouts programs were necessary to keep growth on track.

Economic growth has resumed notwithstanding the housing downturn, proving that the government was able to engineer a decoupling of the housing sector from the general economy.

The economy is growing despite housing. It’s now time to pull back housing support.

That also fits into my assertion that the higher end houses have some deflation/stagnation ahead. At the very least, there will be more selection.

I believe that there’s a generational shift at play also. It seems to me that younger folks are turning away from McMansions and opting for smaller spaces closer to the urban core. In 20 years, we’ll see if I’m correct.

[briansd1]

I see this as a healthy development.

I believe the bailouts programs were necessary to keep growth on track.

Economic growth has resumed notwithstanding the housing downturn, proving that the government was able to engineer a decoupling of the housing sector from the general economy.

The economy is growing despite housing. It’s now time to pull back housing support.

That also fits into my assertion that the higher end houses have some deflation/stagnation ahead. At the very least, there will be more selection.

I believe that there’s a generational shift at play also. It seems to me that younger folks are turning away from McMansions and opting for smaller spaces closer to the urban core. In 20 years, we’ll see if I’m correct.

[Rich Toscano]

Thanks BG, I hadn’t checked in on that thread yet today… never mind!

[Rich Toscano]

Thanks BG, I hadn’t checked in on that thread yet today… never mind!

[Rich Toscano]

Thanks BG, I hadn’t checked in on that thread yet today… never mind!

[Rich Toscano]

Thanks BG, I hadn’t checked in on that thread yet today… never mind!

[Author]

Posts