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freddie mac: Fannie Mae & Freddie Mac Changes on the Horizon - 02/29/08 12:25 AM
If you have been paying attention to the recent news surrounding the economic stimulus package, you know that conforming loan limits are set to rise.  Old limits of $417,000 are being changed on a county by county basis, based on the median home prices for that particular county.  That is good news for the housing market, but more changes are on the horizon.
Just raising the conforming limit (the maximum loan amount Fannie Mae and Freddie Mac can purchase) is a good first step, but more needs to be done to get us out of the current housing crisis.  An additional issue … (0 comments)

freddie mac: Hope on the Horizon for the Real Estate Market? - 02/06/08 01:01 AM
I see a glimmer of hope in this economic stimulus package that is on the verge of being passed.  It brings about the best news for the housing market in some time.  In addition to the tax refunds that everyone seems to be focusing on, the increase in the conforming loan limits have been overlooked as a small matter.  It most certainly is not.  Currently, you have a secondary market with very little demand for jumbo loans.  Except for the portfolio lenders, most companies who write your loan turn around and sell it on the secondary market.  With less demand, and … (0 comments)

 
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Chris Goulart

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