Loan Limits for 2011
Fannie Mae and Freddie Mac just announced loan limits for 2011, and they have remained unchanged from 2010. Each year Congress will analyze average home prices from across the nation and adjust the...
View ArticleGovernment Says Your House Needs A Band-Aid.
In 2008 Congress decided the mortgage world and the economy in general were imploding, and one of the hundreds of ways they decided that they knew better than anyone else and that they would help (i.e....
View ArticleLatest Rate News. And Are Loan Limits Changing?
Justin: We are on. Hey, Brian. This is Justin and we’re here with the Mortgage Market Minute. What do you have for me today? Brian Martucci: Well, I think the topic of the day is probably going to be...
View ArticleFHA Loan Limit Increase Is Temporary?
Some things are permanent, and some are temporary. The cardboard house in this picture, I'd speculate that it is temporary, very temporary. The recent FHA loan limit increase, the one that the NAR...
View ArticleFHA Loans Limits Increased, But Only Thru 2012.
There was some confusion as to how long the latest FHA loan limit increase is going to last, which I blogged about here. Was it through the end of 2011, or 2 full years through 2013, or just through...
View ArticleHow Much Can I Really Get?
People seem to get confused by maximum loan amount allowances, down payment requirements, and the interest rates surrounding them. I thought it would be helpful to have a breakdown. I am going to show...
View ArticleSize Does Matter: Some Loan Amounts Are Bigger Than Others
The maximum loan size on mortgages varies from area to area. Most people are aware that the Conforming loan limit can be extended in high cost areas, which are typically the more urban, high cost...
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