limit: FHA Limits Raised
- 03/07/08 04:32 AM
Great News! FHA has increased their loan limits. To see how it has affected your state and county follow the following link: https://entp.hud.gov/idapp/html/hicostlook.cfm … (1 comments)
limit: Market: What is going on?
- 03/07/08 04:23 AM
The Capital Markets Sales Desk has fielded a large number of calls from customers simply asking, "What's going on? Why is the mortgage market trading lower every day?" The following are reasons that could help explain why mortgages are struggling and why current market conditions are so volatile:
The question is, "Why are mortgages widening or losing value vs other benchmarks like treasuries?" Mortgages are widening for a number of reasons. First, there are no buyers. The dealer community is quite full and has no more balance sheet to hold mortgages. In addition, with the market so volatile, dealers don't want to own … (0 comments)
limit: Economic Stimulus Package
- 02/14/08 06:18 AM
The President has signed the Economic Stimulus Package. This package will give temporary relief to the Jumbo market by raising conforming and FHA loan limits. The unfortunate part of this plan is that this is not a set limit nationwide. Several steps must occur before lenders can accept applications with the higher loan amounts as defined by the bill. Fannie Mae, Freddie Mac, and FHA must assess their internal impacts to determine the delivery approach they will require of mortgage lenders and investorsFannie Mae, Freddie Mac, and FHA must communicate their requirements to the mortgage lenders and investors.Mortgage lenders will work to … (0 comments)
Great News!;)
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