New Jumbo Loans

[DWCAP]

How much you wanna bet me that in a few months we will “discover” that Fannie and Freddie will have a program to buy loans like this from banks. Lets do it both ways, TARP money in, Taxpayer dollars to buy the stuff (channeled through the former GSE’s) out.

[IONEGARM]

Does anyone really think full doc, 20% down, 6 months reserve will move the high end one bit? I sure don’t.

[IONEGARM]

Does anyone really think full doc, 20% down, 6 months reserve will move the high end one bit? I sure don’t.

[IONEGARM]

Does anyone really think full doc, 20% down, 6 months reserve will move the high end one bit? I sure don’t.

[IONEGARM]

Does anyone really think full doc, 20% down, 6 months reserve will move the high end one bit? I sure don’t.

[IONEGARM]

Does anyone really think full doc, 20% down, 6 months reserve will move the high end one bit? I sure don’t.

[(former)FormerSanDiegan]

[quote=IONEGARM]Does anyone really think full doc, 20% down, 6 months reserve will move the high end one bit? I sure don’t.[/quote]

I believe that the lack of available financing negatively impacted the high end last year.
Therefore, I have to the conclude that any improvement in the availability of financing is a positive for the high end and does indeed help at least one little bit.

[(former)FormerSanDiegan]

[quote=IONEGARM]Does anyone really think full doc, 20% down, 6 months reserve will move the high end one bit? I sure don’t.[/quote]

I believe that the lack of available financing negatively impacted the high end last year.
Therefore, I have to the conclude that any improvement in the availability of financing is a positive for the high end and does indeed help at least one little bit.

[(former)FormerSanDiegan]

[quote=IONEGARM]Does anyone really think full doc, 20% down, 6 months reserve will move the high end one bit? I sure don’t.[/quote]

I believe that the lack of available financing negatively impacted the high end last year.
Therefore, I have to the conclude that any improvement in the availability of financing is a positive for the high end and does indeed help at least one little bit.

[(former)FormerSanDiegan]

[quote=IONEGARM]Does anyone really think full doc, 20% down, 6 months reserve will move the high end one bit? I sure don’t.[/quote]

I believe that the lack of available financing negatively impacted the high end last year.
Therefore, I have to the conclude that any improvement in the availability of financing is a positive for the high end and does indeed help at least one little bit.

[(former)FormerSanDiegan]

[quote=IONEGARM]Does anyone really think full doc, 20% down, 6 months reserve will move the high end one bit? I sure don’t.[/quote]

I believe that the lack of available financing negatively impacted the high end last year.
Therefore, I have to the conclude that any improvement in the availability of financing is a positive for the high end and does indeed help at least one little bit.

[XBoxBoy]

[quote=IONEGARM]Does anyone really think full doc, 20% down, 6 months reserve will move the high end one bit? I sure don’t.[/quote]

It will move it a little, but only a little. As others point out, there aren’t that many buyers who can do full doc, 20% down and 6 months reserves. And many of those that can, (myself included) are still gonna sit on the fence and wait for prices to come down.

But the bad news is there will be a small number that do now buy, and they will just give other sellers false hope, and so will drag this whole thing out longer. But that is exactly what the government wants, to drag things out rather than to get the markets to where they should be.

XBoxBoy

[XBoxBoy]

[quote=IONEGARM]Does anyone really think full doc, 20% down, 6 months reserve will move the high end one bit? I sure don’t.[/quote]

It will move it a little, but only a little. As others point out, there aren’t that many buyers who can do full doc, 20% down and 6 months reserves. And many of those that can, (myself included) are still gonna sit on the fence and wait for prices to come down.

But the bad news is there will be a small number that do now buy, and they will just give other sellers false hope, and so will drag this whole thing out longer. But that is exactly what the government wants, to drag things out rather than to get the markets to where they should be.

XBoxBoy

[XBoxBoy]

[quote=IONEGARM]Does anyone really think full doc, 20% down, 6 months reserve will move the high end one bit? I sure don’t.[/quote]

It will move it a little, but only a little. As others point out, there aren’t that many buyers who can do full doc, 20% down and 6 months reserves. And many of those that can, (myself included) are still gonna sit on the fence and wait for prices to come down.

But the bad news is there will be a small number that do now buy, and they will just give other sellers false hope, and so will drag this whole thing out longer. But that is exactly what the government wants, to drag things out rather than to get the markets to where they should be.

XBoxBoy

[XBoxBoy]

[quote=IONEGARM]Does anyone really think full doc, 20% down, 6 months reserve will move the high end one bit? I sure don’t.[/quote]

It will move it a little, but only a little. As others point out, there aren’t that many buyers who can do full doc, 20% down and 6 months reserves. And many of those that can, (myself included) are still gonna sit on the fence and wait for prices to come down.

But the bad news is there will be a small number that do now buy, and they will just give other sellers false hope, and so will drag this whole thing out longer. But that is exactly what the government wants, to drag things out rather than to get the markets to where they should be.

XBoxBoy

[Author]

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