Tag Archives: Conforming Loan Limit

Jumbo Mortgage Divide Starts Shrinking

“The jumbo market has heated up, as tight lending guidelines have drastically reduced consumer late payments, strategic defaults, and foreclosures,” wrote Julian Hebron, a mortgage banker in California and author of the blog The Basis Point. “This gives investors confidence … Continue reading

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More Mortgage Relief From The White House — But Congressional OK Doubtful

(Source: Pete Carey San Jose Mercury News, Calif.) – President Barack Obama on Wednesday announced a sweeping plan to help underwater homeowners refinance into lower-interest loans, but funding for the proposal must be approved by a combative Congress, lowering the … Continue reading

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How Housing Plays Politics in 2012

Housing may have been the catalyst for the Great Recession, but it is not number one on America’s fix-it list for our next President. Fixing the economy should come before housing policy, according to a new survey by real estate … Continue reading

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California Mortgage Advisor Sue Drawdy Highlights FHA’s Extension of HECM Loan …

The Federal Housing Administration recently announced a continuation of current limit on reverse mortgage loans. Sue Drawdy, a California mortgage advisor, says this is great news for borrowers in high-cost areas. Larkspur, CA (PRWEB) December 10, 2011 The U.S. Dept … Continue reading

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Bay Area Real Estate Sales Slump

High-end sales dropped markedly, likely the result of changes to “conforming loan” limits, a real estate information service reported. A total of 6,444 new and resale houses and condos sold in the nine-county Bay Area last month. That was down … Continue reading

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Loan Limits a Constant Volley

Barely a month after loan limits at Fannie Mae, Freddie Mac and the Federal Housing Administration were lowered to a maximum of $625,000, there is a move to raise them yet again. The Senate passed an amendment a few weeks … Continue reading

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California September Sales and Price Report Released

LOS ANGELES (Source: California Association of Realtors) – Heightened economic uncertainty contributed to a decrease in California home sales in September, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).  However, September home sales posted higher on a year-to-year … Continue reading

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Higher US mortgage rates coming for costlier homes

Fri Sep 30, 2011 3:57pm EDT * Government removes support at upper end of home market * New limits on Fannie, Freddie loans from Saturday * Conforming loan limit falls to $625,500 from $729,750 * These borrowers face 50 bps … Continue reading

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Higher-End Housing Hits a Wall

Most of America won’t shed a tear for those who own higher-priced homes, especially given that the median home price in the nation has now fallen to just $174,000, but investors and homeowners alike should take note: Higher priced homes … Continue reading

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Lowering of Loan Limit will Affect Lending Options

There are three important issues affecting the Malibu real estate market that may influence a buyer’s ability to buy and a seller’s ability to sell. The immediate concern is the conforming loan limit, which will go down significantly next month … Continue reading

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