Tag Archives: FHA

Pending conforming loan limit decrease will make California houses more affordable

For those that dismiss this upcoming drop in the conforming limit as meaningless, why has the California Association of realtors raised the alarms and come out opposing this change? i think we all know the answer to that one.
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Posted in Fresh Perspectives, Mortgage News | Tagged california, CAR, Conforming Loan Limit, Fannie Mae, FHA, Freddie Mac, GSEs, Home Prices | Leave a comment

3 Things You Need to Know About the Changing Conforming Loan Limit

On October 1st, the conforming loan limit for mortgages backed by Fannie Mae, Freddie Mac, and the FHA will drop from $729,950 to $625,500. This will absolutely impact home prices, especially in high-priced states like California, rewarding patient buyers with more affordable homes. Continue reading

Posted in Economic News, Fresh Perspectives, Mortgage News, The Daily Hotsheet | Tagged CAR, Conforming Loan Limit, Fannie Mae, FHA, Freddie Mac, GSEs, NAHB | Leave a comment

97 Percent of All U.S. Mortgages are Backed by the Government

The policy of the Fed and Treasury with respect to the large banks is state socialism writ large, without even the pretense of a greater public good.
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Posted in Banking and Finance, Fresh Perspectives, Mortgage News | Tagged Fannie Mae, FHA, Freddie Mac | Leave a comment

Lower Fannie and Freddie Loan Limits Would Lower House Prices

I wish I knew where this debate on mortgage finance reform is going. I suspect they will talk a lot, the rhetoric may get heated, but in the end they will do little or nothing now preferring to kick the can down the road to another crisis. Continue reading

Posted in Fresh Perspectives, Home Economics, Mortgage News | Tagged Fannie Mae, FHA, Freddie Mac, Home Prices, Irvine | Leave a comment

Challenging a Consensus

In other words, the Government will continue to prop up home prices as long as they have to. Proving, yet again, that the consensus continues to confuse the cure and the disease. Continue reading

Posted in Banking and Finance, Best Of The Storm, Home Economics, Social Mood Swings | Tagged Fannie Mae, FHA, Freddie Mac, Home Prices | Leave a comment