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

[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.

[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.

[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.

[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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