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Big downward shift looming in jumbo loan limits?

 
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news



Joined: 14 Jul 2007
Posts: 0
Location: Greater Boston
PostPosted: Fri Sep 24, 2010 1:18 pm GMT    Post subject: Big downward shift looming in jumbo loan limits? Reply with quote
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Description: Big downward shift looming in jumbo loan limits?
URL: http://www.boston.com/realestate/news/blogs/renow/2010/09/big_downward_sh.html
Info/Broken?: http://www.bostonbubble.com/link_info.php?id=3188

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balor123



Joined: 08 Mar 2008
Posts: 1204
PostPosted: Fri Sep 24, 2010 3:58 pm GMT    Post subject: Reply with quote
Oh that would just be sweet!
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admin
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Joined: 14 Jul 2005
Posts: 1826
Location: Greater Boston
PostPosted: Thu Sep 30, 2010 2:34 pm GMT    Post subject: Reply with quote
balor123 wrote:
Oh that would just be sweet!


No such luck:

http://news.bostonherald.com/business/general/view/20100930congress_holds_mortgage_limits_at_nearly_730k/

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balor123



Joined: 08 Mar 2008
Posts: 1204
PostPosted: Fri Oct 01, 2010 5:27 pm GMT    Post subject: Reply with quote
They could have at least opted to ratchet down risk over time or put in limits on who can take out those loans (if you make $100k then you can't take out a $500k loan for example). I would have loved to be a congressman during the debate on this one.
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