freddie mac: Jumbo Loan rates might not come down as much as some may have hoped.
- 02/19/08 10:11 AM
Fannie Mae, Freddie Mac, and the Federal Housing Authority will start buying and guaranteeing loans above the current $417,000 conforming loan limit, but unfortunately - the loans will be barred from the most important secondary market where mortgages are bought and sold. The Securities Industry and Financial Markets Association (SIFMA) stated that the loans won't be traded in the "to be announced" (TBA) market where most conforming loans are sold. SIFMA said allowing the new, larger loans to be included in pools of mortgage-backed securities (MBS) traded on the TBA market could raise rates on all conforming loans because uncertainties … (1 comments)
freddie mac: Finally - Jumbo Loans May Get Some Help...
- 01/24/08 03:09 PM
If you are a homeowner trying to sell - and your property is over 500k in value - you were probably hurt by the fact that after the lending crisis started - rates for jumbo loans were jacked by 1-2 percent or more over existing conforming loans under 417k.That meant that if someone wanted to purchase your home - it would cost more than normal - meaning that you had to lower your price more than normal - meaning that yougot really hosed by the lending crisis. Hopefully - that will change to some extent - though the proposal only boosts … (1 comments)
The Federal Government Plans to Pay For Payroll Tax Cut by Raising Fees That Banks Pay to Fannie and Freddie. So Now is Certainly The Best Time to Buy a Home in Cook and Lake County Illinois Before The Extra Fees Get Legislated.
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