Economic Stimulus plan
They released the details, well some of the details of the economic stimulus plan today. The details relating to the "jumbo-conforming" loans. And, in my opinion, it dulls the thrust of congress's intent. Why? Well for starters only fully documentated loans will be accepted. That centantly cuts into the number of people that will qualify! And then there is "risk-based" pricing. So.... if they can get away with it they will charge more. That cuts into the thrust of congress too! Show me the money! And by that I mean show me the "pricing!" How soon will you accept? How soon will you fund? Details at 11:00!
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