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March 4, 2009 at 2:40 PM #360124March 4, 2009 at 3:27 PM #360443
peterb
ParticipantSounds like the US govt is getting closer to owning the mortgage market entirely.
March 4, 2009 at 3:27 PM #360733ParticipantSounds like the US govt is getting closer to owning the mortgage market entirely.
March 4, 2009 at 3:27 PM #360587ParticipantSounds like the US govt is getting closer to owning the mortgage market entirely.
March 4, 2009 at 3:27 PM #360139ParticipantSounds like the US govt is getting closer to owning the mortgage market entirely.
March 4, 2009 at 3:27 PM #360625ParticipantSounds like the US govt is getting closer to owning the mortgage market entirely.
March 4, 2009 at 3:56 PM #360458macromaniac
Participantsd,
You are going to see more hits and fees over 417K unless they overhaul these guidelines also….it is day to day with these idiots.
As far as I am concerned they should have NEVER raised the conforming loan limits beyond 417K because they are to be determined by median home value not overinflated asset prices. They should ACTUALLY be lowering the limits to adjust to current median home prices…..
It was ass backwards and a violation of their own metrics when they pumped it to the high 600’s awhile back but they had to do that because the secondary market went bye bye and the TAXPAYER was the only one left to keep the market liquid and buy the loans from banks…GSE’s Government Sucking Entities
March 4, 2009 at 3:56 PM #360748Participantsd,
You are going to see more hits and fees over 417K unless they overhaul these guidelines also….it is day to day with these idiots.
As far as I am concerned they should have NEVER raised the conforming loan limits beyond 417K because they are to be determined by median home value not overinflated asset prices. They should ACTUALLY be lowering the limits to adjust to current median home prices…..
It was ass backwards and a violation of their own metrics when they pumped it to the high 600’s awhile back but they had to do that because the secondary market went bye bye and the TAXPAYER was the only one left to keep the market liquid and buy the loans from banks…GSE’s Government Sucking Entities
March 4, 2009 at 3:56 PM #360603Participantsd,
You are going to see more hits and fees over 417K unless they overhaul these guidelines also….it is day to day with these idiots.
As far as I am concerned they should have NEVER raised the conforming loan limits beyond 417K because they are to be determined by median home value not overinflated asset prices. They should ACTUALLY be lowering the limits to adjust to current median home prices…..
It was ass backwards and a violation of their own metrics when they pumped it to the high 600’s awhile back but they had to do that because the secondary market went bye bye and the TAXPAYER was the only one left to keep the market liquid and buy the loans from banks…GSE’s Government Sucking Entities
March 4, 2009 at 3:56 PM #360155Participantsd,
You are going to see more hits and fees over 417K unless they overhaul these guidelines also….it is day to day with these idiots.
As far as I am concerned they should have NEVER raised the conforming loan limits beyond 417K because they are to be determined by median home value not overinflated asset prices. They should ACTUALLY be lowering the limits to adjust to current median home prices…..
It was ass backwards and a violation of their own metrics when they pumped it to the high 600’s awhile back but they had to do that because the secondary market went bye bye and the TAXPAYER was the only one left to keep the market liquid and buy the loans from banks…GSE’s Government Sucking Entities
March 4, 2009 at 3:56 PM #360640Participantsd,
You are going to see more hits and fees over 417K unless they overhaul these guidelines also….it is day to day with these idiots.
As far as I am concerned they should have NEVER raised the conforming loan limits beyond 417K because they are to be determined by median home value not overinflated asset prices. They should ACTUALLY be lowering the limits to adjust to current median home prices…..
It was ass backwards and a violation of their own metrics when they pumped it to the high 600’s awhile back but they had to do that because the secondary market went bye bye and the TAXPAYER was the only one left to keep the market liquid and buy the loans from banks…GSE’s Government Sucking Entities
March 4, 2009 at 5:14 PM #360213sdrealtor
ParticipantMM,
I disagree with none of your logic. With that said they are here and they will make a difference so deal with it. What should be, isnt. What never should happen, happens. Life aint fair!It’s frightening to see FHA loans with almost no money down for nearly $700K. That is part of what created this mess, though the non-existent underwriting standards was the much bigger issue.
Spring just a little brighter for homesellers.
March 4, 2009 at 5:14 PM #360809ParticipantMM,
I disagree with none of your logic. With that said they are here and they will make a difference so deal with it. What should be, isnt. What never should happen, happens. Life aint fair!It’s frightening to see FHA loans with almost no money down for nearly $700K. That is part of what created this mess, though the non-existent underwriting standards was the much bigger issue.
Spring just a little brighter for homesellers.
March 4, 2009 at 5:14 PM #360699ParticipantMM,
I disagree with none of your logic. With that said they are here and they will make a difference so deal with it. What should be, isnt. What never should happen, happens. Life aint fair!It’s frightening to see FHA loans with almost no money down for nearly $700K. That is part of what created this mess, though the non-existent underwriting standards was the much bigger issue.
Spring just a little brighter for homesellers.
March 4, 2009 at 5:14 PM #360662ParticipantMM,
I disagree with none of your logic. With that said they are here and they will make a difference so deal with it. What should be, isnt. What never should happen, happens. Life aint fair!It’s frightening to see FHA loans with almost no money down for nearly $700K. That is part of what created this mess, though the non-existent underwriting standards was the much bigger issue.
Spring just a little brighter for homesellers.
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