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kev374.
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February 4, 2008 at 5:26 PM #148410February 4, 2008 at 5:38 PM #148071
jpinpb
ParticipantPasadena Broker – you say this isn’t for new homebuyers. You mention equity and you mention full docs. But SD Realtor says:
******97% LTV on Purchases
******Down Payment Assistance of up to 6%
******% LTV on cash out refinancing
******No minimum credit scores
***** Liberal credit guidelinesIt just sounds like free money to everyone again. It doesn’t say they’re raising the Jumbo limit strictly for those already in homes, excluding new buyers. That would be beyond stupid. They want more people on the hook.
NONE of this makes sense. The more I read, the more confused I get. This is driving me crazy.
I’m going to throw myself on the tracks and let the train just hit me (kidding)
February 4, 2008 at 5:38 PM #148319jpinpb
ParticipantPasadena Broker – you say this isn’t for new homebuyers. You mention equity and you mention full docs. But SD Realtor says:
******97% LTV on Purchases
******Down Payment Assistance of up to 6%
******% LTV on cash out refinancing
******No minimum credit scores
***** Liberal credit guidelinesIt just sounds like free money to everyone again. It doesn’t say they’re raising the Jumbo limit strictly for those already in homes, excluding new buyers. That would be beyond stupid. They want more people on the hook.
NONE of this makes sense. The more I read, the more confused I get. This is driving me crazy.
I’m going to throw myself on the tracks and let the train just hit me (kidding)
February 4, 2008 at 5:38 PM #148339jpinpb
ParticipantPasadena Broker – you say this isn’t for new homebuyers. You mention equity and you mention full docs. But SD Realtor says:
******97% LTV on Purchases
******Down Payment Assistance of up to 6%
******% LTV on cash out refinancing
******No minimum credit scores
***** Liberal credit guidelinesIt just sounds like free money to everyone again. It doesn’t say they’re raising the Jumbo limit strictly for those already in homes, excluding new buyers. That would be beyond stupid. They want more people on the hook.
NONE of this makes sense. The more I read, the more confused I get. This is driving me crazy.
I’m going to throw myself on the tracks and let the train just hit me (kidding)
February 4, 2008 at 5:38 PM #148352jpinpb
ParticipantPasadena Broker – you say this isn’t for new homebuyers. You mention equity and you mention full docs. But SD Realtor says:
******97% LTV on Purchases
******Down Payment Assistance of up to 6%
******% LTV on cash out refinancing
******No minimum credit scores
***** Liberal credit guidelinesIt just sounds like free money to everyone again. It doesn’t say they’re raising the Jumbo limit strictly for those already in homes, excluding new buyers. That would be beyond stupid. They want more people on the hook.
NONE of this makes sense. The more I read, the more confused I get. This is driving me crazy.
I’m going to throw myself on the tracks and let the train just hit me (kidding)
February 4, 2008 at 5:38 PM #148420jpinpb
ParticipantPasadena Broker – you say this isn’t for new homebuyers. You mention equity and you mention full docs. But SD Realtor says:
******97% LTV on Purchases
******Down Payment Assistance of up to 6%
******% LTV on cash out refinancing
******No minimum credit scores
***** Liberal credit guidelinesIt just sounds like free money to everyone again. It doesn’t say they’re raising the Jumbo limit strictly for those already in homes, excluding new buyers. That would be beyond stupid. They want more people on the hook.
NONE of this makes sense. The more I read, the more confused I get. This is driving me crazy.
I’m going to throw myself on the tracks and let the train just hit me (kidding)
February 4, 2008 at 7:27 PM #148130Anonymous
Guestjpinpb – Pasadena Broker brought me back to my senses by bringing up that FHA is full doc. It made me think how FHA loans have been available to buyers in the i.e. and other less expensive areas under the current limits and that hasn’t helped sales there. That’s a good sign.
February 4, 2008 at 7:27 PM #148381Anonymous
Guestjpinpb – Pasadena Broker brought me back to my senses by bringing up that FHA is full doc. It made me think how FHA loans have been available to buyers in the i.e. and other less expensive areas under the current limits and that hasn’t helped sales there. That’s a good sign.
February 4, 2008 at 7:27 PM #148398Anonymous
Guestjpinpb – Pasadena Broker brought me back to my senses by bringing up that FHA is full doc. It made me think how FHA loans have been available to buyers in the i.e. and other less expensive areas under the current limits and that hasn’t helped sales there. That’s a good sign.
February 4, 2008 at 7:27 PM #148412Anonymous
Guestjpinpb – Pasadena Broker brought me back to my senses by bringing up that FHA is full doc. It made me think how FHA loans have been available to buyers in the i.e. and other less expensive areas under the current limits and that hasn’t helped sales there. That’s a good sign.
February 4, 2008 at 7:27 PM #148479Anonymous
Guestjpinpb – Pasadena Broker brought me back to my senses by bringing up that FHA is full doc. It made me think how FHA loans have been available to buyers in the i.e. and other less expensive areas under the current limits and that hasn’t helped sales there. That’s a good sign.
February 4, 2008 at 9:06 PM #148145patientrenter
ParticipantFHA will be full doc until that proves to be an obstacle to supporting inflated home prices. Then some, er, flexibility will be introduced. The whole point of all these measures is to inflate home prices, to keep the majority of voters happy. Why would the pols stop until they have tried every old and new trick?
Here’s a Bloomberg article giving you a glimpse into how far along, and how radical, are the proposals being shaped right now to keep inflated home prices, and inflated asset prices generally, as inflated as possible.
http://www.bloomberg.com/apps/news?pid=20601103&sid=arcwG_0LM0lM&refer=us
Patient renter in OC
February 4, 2008 at 9:06 PM #148396patientrenter
ParticipantFHA will be full doc until that proves to be an obstacle to supporting inflated home prices. Then some, er, flexibility will be introduced. The whole point of all these measures is to inflate home prices, to keep the majority of voters happy. Why would the pols stop until they have tried every old and new trick?
Here’s a Bloomberg article giving you a glimpse into how far along, and how radical, are the proposals being shaped right now to keep inflated home prices, and inflated asset prices generally, as inflated as possible.
http://www.bloomberg.com/apps/news?pid=20601103&sid=arcwG_0LM0lM&refer=us
Patient renter in OC
February 4, 2008 at 9:06 PM #148414patientrenter
ParticipantFHA will be full doc until that proves to be an obstacle to supporting inflated home prices. Then some, er, flexibility will be introduced. The whole point of all these measures is to inflate home prices, to keep the majority of voters happy. Why would the pols stop until they have tried every old and new trick?
Here’s a Bloomberg article giving you a glimpse into how far along, and how radical, are the proposals being shaped right now to keep inflated home prices, and inflated asset prices generally, as inflated as possible.
http://www.bloomberg.com/apps/news?pid=20601103&sid=arcwG_0LM0lM&refer=us
Patient renter in OC
February 4, 2008 at 9:06 PM #148427patientrenter
ParticipantFHA will be full doc until that proves to be an obstacle to supporting inflated home prices. Then some, er, flexibility will be introduced. The whole point of all these measures is to inflate home prices, to keep the majority of voters happy. Why would the pols stop until they have tried every old and new trick?
Here’s a Bloomberg article giving you a glimpse into how far along, and how radical, are the proposals being shaped right now to keep inflated home prices, and inflated asset prices generally, as inflated as possible.
http://www.bloomberg.com/apps/news?pid=20601103&sid=arcwG_0LM0lM&refer=us
Patient renter in OC
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