Comments on: FNMA and FHA up Mortgage loan limits as part of stimulus package! http://thelyonsdenblog.com/2008/01/24/fnma-and-fha-up-mortgage-loan-limits-as-part-of-stimulus-package/ Business / Vitality / Spirituality / Relationships Thu, 05 Nov 2009 02:32:05 +0000 http://wordpress.com/ hourly 1 By: Marc http://thelyonsdenblog.com/2008/01/24/fnma-and-fha-up-mortgage-loan-limits-as-part-of-stimulus-package/#comment-1228 Marc Wed, 04 Jun 2008 13:42:41 +0000 http://thelyonsden.wordpress.com/2008/01/24/fnma-and-fha-up-mortgage-loan-limits-as-part-of-stimulus-package/#comment-1228 I found this tool to calculate a mortgage.. looks quite good! I found this tool to calculate a mortgage.. looks quite good!

]]> By: Hypotheek Advies http://thelyonsdenblog.com/2008/01/24/fnma-and-fha-up-mortgage-loan-limits-as-part-of-stimulus-package/#comment-1125 Hypotheek Advies Mon, 05 May 2008 15:19:25 +0000 http://thelyonsden.wordpress.com/2008/01/24/fnma-and-fha-up-mortgage-loan-limits-as-part-of-stimulus-package/#comment-1125 The banks even loan the money from the federal reserve The banks even loan the money from the federal reserve

]]> By: thelyonsden http://thelyonsdenblog.com/2008/01/24/fnma-and-fha-up-mortgage-loan-limits-as-part-of-stimulus-package/#comment-977 thelyonsden Sun, 27 Jan 2008 17:33:09 +0000 http://thelyonsden.wordpress.com/2008/01/24/fnma-and-fha-up-mortgage-loan-limits-as-part-of-stimulus-package/#comment-977 More like a bailout for the homeowner...but not really. If they don't have the equity they don't have the equity. If they do not have the documentable income they cant go FHA. This will improve (not help or bailout) a lot of people with JUMBO rates by substantially lowering their payments and rates. It could be argued that FHA will bailout some homeowners by putting them in a better loan (thus bailing out some banks with a lot of baggage in their portfolio) but remember they still have to have at least 5% equity if they pulled cashout on a 2nd in the last 12 months or 1.5% equity if they did not. They still have to document their income "FULL DOC." These have to be solid loans for the GOVT to bank them and they are More like a bailout for the homeowner…but not really. If they don’t have the equity they don’t have the equity. If they do not have the documentable income they cant go FHA. This will improve (not help or bailout) a lot of people with JUMBO rates by substantially lowering their payments and rates.

It could be argued that FHA will bailout some homeowners by putting them in a better loan (thus bailing out some banks with a lot of baggage in their portfolio) but remember they still have to have at least 5% equity if they pulled cashout on a 2nd in the last 12 months or 1.5% equity if they did not. They still have to document their income “FULL DOC.” These have to be solid loans for the GOVT to bank them and they are

]]> By: Google Bubble http://thelyonsdenblog.com/2008/01/24/fnma-and-fha-up-mortgage-loan-limits-as-part-of-stimulus-package/#comment-976 Google Bubble Sun, 27 Jan 2008 17:01:26 +0000 http://thelyonsden.wordpress.com/2008/01/24/fnma-and-fha-up-mortgage-loan-limits-as-part-of-stimulus-package/#comment-976 The increase of the mortgage limit is to bail out the banks through a different route. :) The increase of the mortgage limit is to bail out the banks through a different route. :)

]]>