So there is now a higher conforming loan limit, no what?

[Alex_angel]

Are banks really going to roll out the red carpet to someone that has a $700k 30 year fixed jumbo loan at 6-7% and all of a sudden give them a 4-5% 30 year fixed rate?

Seriously who is this going to benefit?

Example. Say someone paid 2-3 points to get a lower rate and is paying 6.5% on a 30 eyar fixed jumbo.

Will they have to fork over any more money to refi? This seems like a good idea on paper but I just don’t see banks being nice to current home owners and giving them a no fee refi to get them from a jumbo to a conforming loan.

[Raybyrnes]

Bank have 2 functions. Thye need to originate loans nd they also need to service the loasn. If they do not remain competitive they risk losing the fee income coming in off the loa. So banks will difinitely want to keep these loans on their books. Whether tthe approach is to be proactive by contacting their borrowers or to be reactive by waitive for loan payoffs form a different lender and then offering the loan at the same or better rate for keeping it with that organization.

[HereWeGo]

Now we watch the long end of the Treasury market, as well as the FNMA/FRM debt pricing.

[HereWeGo]

Now we watch the long end of the Treasury market, as well as the FNMA/FRM debt pricing.

[HereWeGo]

Now we watch the long end of the Treasury market, as well as the FNMA/FRM debt pricing.

[HereWeGo]

Now we watch the long end of the Treasury market, as well as the FNMA/FRM debt pricing.

[HereWeGo]

Now we watch the long end of the Treasury market, as well as the FNMA/FRM debt pricing.

[Raybyrnes]

Bank have 2 functions. Thye need to originate loans nd they also need to service the loasn. If they do not remain competitive they risk losing the fee income coming in off the loa. So banks will difinitely want to keep these loans on their books. Whether tthe approach is to be proactive by contacting their borrowers or to be reactive by waitive for loan payoffs form a different lender and then offering the loan at the same or better rate for keeping it with that organization.

[Raybyrnes]

Bank have 2 functions. Thye need to originate loans nd they also need to service the loasn. If they do not remain competitive they risk losing the fee income coming in off the loa. So banks will difinitely want to keep these loans on their books. Whether tthe approach is to be proactive by contacting their borrowers or to be reactive by waitive for loan payoffs form a different lender and then offering the loan at the same or better rate for keeping it with that organization.

[Raybyrnes]

Bank have 2 functions. Thye need to originate loans nd they also need to service the loasn. If they do not remain competitive they risk losing the fee income coming in off the loa. So banks will difinitely want to keep these loans on their books. Whether tthe approach is to be proactive by contacting their borrowers or to be reactive by waitive for loan payoffs form a different lender and then offering the loan at the same or better rate for keeping it with that organization.

[Raybyrnes]

Bank have 2 functions. Thye need to originate loans nd they also need to service the loasn. If they do not remain competitive they risk losing the fee income coming in off the loa. So banks will difinitely want to keep these loans on their books. Whether tthe approach is to be proactive by contacting their borrowers or to be reactive by waitive for loan payoffs form a different lender and then offering the loan at the same or better rate for keeping it with that organization.

[barnaby33]

The same people that didn’t have 20% down and verifiable assets/income before, still don’t. Raising the caps was pointless. Not to mention that the majority of mortgages, except in super frothy areas, were for less than 400k. Thats because you actually have to qualify for them, based on income.

Josh

[Chris Scoreboard Johnston]

The sell off on the long end of the yield curve ( rate rise ) is raising rates anyway, so this effect is offset already to some degree. It would have helped people like me who could have paid down my balance to the conforming level then refi’d, but the rates have already gone up quite a bit in the last couple of weeks, so it is now not worth it.

The problem is, I am not the demographic that needs help, so maybe in the end this move by the govt does not help much.

[sdrealtor]

The GSE’s are targeting early April for the roll out of the new loan programs from what I have heard.

[sdrealtor]

The GSE’s are targeting early April for the roll out of the new loan programs from what I have heard.

[sdrealtor]

The GSE’s are targeting early April for the roll out of the new loan programs from what I have heard.

[sdrealtor]

The GSE’s are targeting early April for the roll out of the new loan programs from what I have heard.

[sdrealtor]

The GSE’s are targeting early April for the roll out of the new loan programs from what I have heard.

[Chris Scoreboard Johnston]

The sell off on the long end of the yield curve ( rate rise ) is raising rates anyway, so this effect is offset already to some degree. It would have helped people like me who could have paid down my balance to the conforming level then refi’d, but the rates have already gone up quite a bit in the last couple of weeks, so it is now not worth it.

The problem is, I am not the demographic that needs help, so maybe in the end this move by the govt does not help much.

[Chris Scoreboard Johnston]

The sell off on the long end of the yield curve ( rate rise ) is raising rates anyway, so this effect is offset already to some degree. It would have helped people like me who could have paid down my balance to the conforming level then refi’d, but the rates have already gone up quite a bit in the last couple of weeks, so it is now not worth it.

The problem is, I am not the demographic that needs help, so maybe in the end this move by the govt does not help much.

[Chris Scoreboard Johnston]

The sell off on the long end of the yield curve ( rate rise ) is raising rates anyway, so this effect is offset already to some degree. It would have helped people like me who could have paid down my balance to the conforming level then refi’d, but the rates have already gone up quite a bit in the last couple of weeks, so it is now not worth it.

The problem is, I am not the demographic that needs help, so maybe in the end this move by the govt does not help much.

[Chris Scoreboard Johnston]

The sell off on the long end of the yield curve ( rate rise ) is raising rates anyway, so this effect is offset already to some degree. It would have helped people like me who could have paid down my balance to the conforming level then refi’d, but the rates have already gone up quite a bit in the last couple of weeks, so it is now not worth it.

The problem is, I am not the demographic that needs help, so maybe in the end this move by the govt does not help much.

[barnaby33]

The same people that didn’t have 20% down and verifiable assets/income before, still don’t. Raising the caps was pointless. Not to mention that the majority of mortgages, except in super frothy areas, were for less than 400k. Thats because you actually have to qualify for them, based on income.

Josh

[barnaby33]

The same people that didn’t have 20% down and verifiable assets/income before, still don’t. Raising the caps was pointless. Not to mention that the majority of mortgages, except in super frothy areas, were for less than 400k. Thats because you actually have to qualify for them, based on income.

Josh

[barnaby33]

The same people that didn’t have 20% down and verifiable assets/income before, still don’t. Raising the caps was pointless. Not to mention that the majority of mortgages, except in super frothy areas, were for less than 400k. Thats because you actually have to qualify for them, based on income.

Josh

[barnaby33]

The same people that didn’t have 20% down and verifiable assets/income before, still don’t. Raising the caps was pointless. Not to mention that the majority of mortgages, except in super frothy areas, were for less than 400k. Thats because you actually have to qualify for them, based on income.

Josh

[DWCAP]

SD R,

So the GSE’s are going for early April. So we should be up and running in late May since NOTHING in government is done on time, especially when the regulator isnt too happy about all this. Isnt this suppose to end in dec 2008? So we will get what, 7 months outa this? Most of which is in the slowest time of the year for home sales. Just enough time for the banks to try to get alot of people to refi the risk to the GSE’s, and pass all their crap to the american tax payer. And they said this wasnt a bail out.

[DWCAP]

SD R,

So the GSE’s are going for early April. So we should be up and running in late May since NOTHING in government is done on time, especially when the regulator isnt too happy about all this. Isnt this suppose to end in dec 2008? So we will get what, 7 months outa this? Most of which is in the slowest time of the year for home sales. Just enough time for the banks to try to get alot of people to refi the risk to the GSE’s, and pass all their crap to the american tax payer. And they said this wasnt a bail out.

[DWCAP]

SD R,

So the GSE’s are going for early April. So we should be up and running in late May since NOTHING in government is done on time, especially when the regulator isnt too happy about all this. Isnt this suppose to end in dec 2008? So we will get what, 7 months outa this? Most of which is in the slowest time of the year for home sales. Just enough time for the banks to try to get alot of people to refi the risk to the GSE’s, and pass all their crap to the american tax payer. And they said this wasnt a bail out.

[DWCAP]

SD R,

So the GSE’s are going for early April. So we should be up and running in late May since NOTHING in government is done on time, especially when the regulator isnt too happy about all this. Isnt this suppose to end in dec 2008? So we will get what, 7 months outa this? Most of which is in the slowest time of the year for home sales. Just enough time for the banks to try to get alot of people to refi the risk to the GSE’s, and pass all their crap to the american tax payer. And they said this wasnt a bail out.

[DWCAP]

SD R,

So the GSE’s are going for early April. So we should be up and running in late May since NOTHING in government is done on time, especially when the regulator isnt too happy about all this. Isnt this suppose to end in dec 2008? So we will get what, 7 months outa this? Most of which is in the slowest time of the year for home sales. Just enough time for the banks to try to get alot of people to refi the risk to the GSE’s, and pass all their crap to the american tax payer. And they said this wasnt a bail out.

[Author]

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