While guidelines for lending have become much tighter, there is money to lend and loans are funding at all price levels. For clarity, there have been some changes in the conforming loan limits: Effective with the Federal Housing Finance Agency (FHFA) release in November 2008, there are two sets of conforming limits provided for first [...]
Posts under ‘Fannie-Freddie’
The Beginning of The End? One Mortgage Broker’s View…
A mortgage broker we work with, Andy Block, noted in a recent email to us that he believes that we’re looking at the “beginning of the end” of the credit crisis, and that the government has sent a strong signal that liquidity would not be a problem in the future. A few of his thoughts… [...]
Alan Greenspan Says Credit Crisis An “Opportunity”…
Alan Greenspan faults the U.S.’s approach in fixing Fannie Mae and Freddie Mac, saying the credit crisis offered an “ideal opportunity” to dismantle the mortgage giants. The former Fed chairman predicted U.S. home prices would reach their bottom in the first half of 2009. http://online.wsj.com/article/SB121865515167837815.html?mod=djemWMP
